Tag Archive: EUR/CHF

FX Daily, April 27: Several Developments ahead of the ECB meeting

2017-04-27

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2017-04-27

The ECB meeting and the press conference that follows it is the main event. However, it has had to compete with the Bank of Japan and Riksbank meetings, as well as the further reflection of the tax reform proposals by the Trump Administration yesterday.

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FX Daily, April 26: Dollar Stabilizes Ahead of Trump and ECB

2017-04-26

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2017-04-26

The US dollar was marked down in response to the French election and saw some follow through selling yesterday, but the momentum had slowed, and now it is stalled. The greenback is posting upticks against nearly all the major currencies. There is a good reason to be cautious.

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FX Daily, April 25: Euro Consolidates Gains, Bond Market Sell-Off Continues

2017-04-25

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2017-04-25

The US dollar is again at the fulcrum of the foreign exchange market. The dollar-bloc currencies are under pressure, along with the Japanese yen, while the European complex is posting modest gains. The euro is consolidating in the half cent below $1.09. Yesterday's marked up in early Asia saw the euro complete the 61.8% retracement of the losses since the US election, which was found near $1.0935

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FX Daily, April 24: Dramatic Response to French Election

2017-04-24

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2017-04-24

The results of the first round of the French election spurred a dramatic response in the capital markets. Our thesis that there is no populist-nationalist wave sweeping the world is supported by the previous results in Austria, the Netherlands, and now France.

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FX Weekly Review, April 17 – 22: Dollar Technicals Trying to Turn, but…

2017-04-23

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2017-04-23

Trade-weighted index Swiss Franc, April 22
While the dollar index had another bad week with a 0.75% less, the Swiss Franc currency index could accumulate the corresponding gains. Main reason is that the EUR/CHF rose over 1.07.

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FX Daily, April 20: Dollar and Yen Push Lower

2017-04-20

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2017-04-20

With the exception of the yen, the US dollar is lower against all the major currencies. US Treasury yields are firm, extending yesterday's rise a little. This may help keep the dollar straddling JPY109, but unwinding long yen cross positions is helping underpin the other major currencies. The Dollar Index is making a new low for the week and appears poised to test support around 98.85-99..00.

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FX Daily, April 18: US Dollar Consolidates Yesterday’s Gains

2017-04-18

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2017-04-18

The US dollar is consolidating the gains scored late in the US session yesterday in response to a Financial Times interview with US Treasury Secretary Munchin who seemed to play down the strategic importance of Trump's recent complaint about the greenback's strength.

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FX Daily, April 17: Markets Trying to Stabilize in Holiday-Thin Activity

2017-04-17

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2017-04-17

Financial centers in Europe are closed for the extended Easter holiday. Australian and New Zealand markets were also closed. The drop in US 10-year Treasury yields in early Asia, with a brief push below 2.20%, appears to have kept the dollar under pressure. As the North American market prepares to open, the dollar is softer against the all major currencies and many emerging market currencies.

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FX Weekly Review, April 10-14: Swiss Franc loses against the Yen, but wins against Dollar

2017-04-16

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2017-04-16

Trade-weighted index Swiss Franc, April 01
Last week the Swiss Franc improved against both euro and dollar, but - compared to its safe-haven counterpart Japanese Yen - it had a bad performance. We expect strong SNB interventions.

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FX Daily, April 14: Holiday Markets Remain on Edge

2017-04-14

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2017-04-14

The holiday-induced calm in the capital markets conceals a high degree of anxiety. The investment climate has been challenged by heightened geopolitical risk and unusual complaints about the US dollar's strength from the sitting US President. While sending an "armada" toward the Korean peninsula, the US ordered a missile strike against Syria in retaliation for the use of chemical weapons and dropped the largest bomb in the world on Afghanistan.

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FX Daily, April 12: Investors Catch Breath, Markets Stabilize

2017-04-12

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2017-04-12

Markets are calmer today. The significant movers yesterday have stabilized. The dollar has been unable to resurface above JPY110, but after plumbing to new lows near JPY109.35 in Asia, the dollar has recovered back levels since in North America late yesterday. The decline in the US 10-year yield was also initially extended in Asia before stabilizing and returning to levels seen in the US afternoon.

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FX Daily, April 11: Dollar Pushed Lower in Subdued Activity

2017-04-11

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2017-04-11

The US dollar has a slight downside bias today through the European morning. The market does not seem particularly focused on high frequency data, though sterling traded higher after an unchanged year-over-year reading of 2.3%, and the euro traded higher after a stronger Germany ZEW survey.

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FX Weekly Review, April 03-08: Dollar Recovery Can Continue, 10-year Yield Set to Rise

2017-04-10

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2017-04-10

Trade-weighted index Swiss Franc, April 01
The US dollar appreciated against most of the major currencies last week. The Japanese yen was the chief exception. It rose about 0.5% as US yields remained heavy and equities were mostly softer. The Dollar Index did not fall in any session last week. It has had one losing session over the past nine, and that was the last day in March when the Dollar Index slipped less than 0.1%. It finished the week a bit above thee 61.8% retracement objective of...

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FX Daily, April 05: Dialing it Up on Hump Day

2017-04-05

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2017-04-05

he dollar is practically unchanged against the euro and yen in the first two sessions of the week. The pace can be expected to pick up starting Wednesday. Although the euro slipped through $1.0650, it was not sustained, and on Monday and Tuesday, the euro finished near its highs.

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FX Weekly Review, March 27 – 31: Euro breaks down against USD and CHF

2017-04-02

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2017-04-02

Trade-weighted index Swiss Franc, April 01
Weak inflation figures in the euro zone let the common currency fall against both the dollar and the Swiss franc. Still last week, the Swiss Franc index had some losses against the US dollar index.

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FX Daily, March 31: Greenback Finishing Weak Quarter in Mixed Fashion

2017-03-31

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2017-03-31

The US dollar fell against all the major currencies in the first three months of 2017. The weakness initially seemed to be a correction to the rally, which began before the US election last year. The dollar recovered in February, in anticipation of a hawkish Fed in March.

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FX Daily, March 30: Euro breaks down against CHF and USD

2017-03-30

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2017-03-30

The EUR/CHF broke down under 1.07. The euro lost against both dollar and franc.

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FX Daily, March 28: Prospects for Turnaround Tuesday?

2017-03-28

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2017-03-28

The slide in the US dollar and US interest rates faded in the North American session on Monday. US participants also had a fairly relaxed initial response to news that after years of complaining, the Republicans could not agree on an alternative to the Affordable Care Act.

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