Euro Under Broad Based Pressure as Selling Spreads
Euro is under broad-based pressure today as selloff against Swiss Franc spreads to other pairs. Yen is currently the best performer following another round of pull back in Germany, and to a lesser extent US, benchmark yields. Aussie and Kiwi...
Swiss Franc Staying the Strongest, Dollar and Loonie Competing for Second
Swiss Franc remains the runaway leader for the week so far. Dollar and Canadian are competing for the second place. On the other hand, New Zealand Dollar is the worst, followed by Sterling and then Euro. Yen is mixed for...
Swiss Franc Power Continues, EUR/CHF Breaks Parity
Swiss Franc continues to rise broadly today, with additional help from selloff in Euro. The common currency is weighed down by Germany CPI, which unexpectedly slowed in June. But for now, Aussie, Sterling and Yen are even weaker than Euro....
Yen Selling is Back, Dollar Attempting to Rally
Yen is back as the worst performer on improving risk sentiment and rising yields. Dollar is trying to rally in early US session following rise in treasury yields. But strength is mainly seen against European majors and Yen only. Canadian...
Dollar in Weak Recovery, Swiss Franc Retreats Mildly
Price actions in forex markets are indecisive today. Dollar is trying to rise after better than expected durable goods orders. It’s also support by recovery in treasury yields. But there is no follow through buying. Canadian Dollar is still the...
Commodity Currencies Soft Despite Positive Sentiment, But Canadian Resilient
The forex markets are rather quiet in Asian session today, even though risk sentiment is positive. Most major pairs and crosses are staying inside Friday’s range, even though Yen is slightly stronger with Swiss Franc and Euro. Commodity currencies are...
Falling Commodity Prices Support Sentiment, Dollar Downside Risk Increasing
The forex markets were rather mixed last week. Yen ended as the worst performer, but Swiss Franc was the best. Canadian Dollar rose against all but Franc, while Aussie and Kiwi were weak. Euro was mixed together with Sterling wile...
Swiss Franc Extending Rally, Yen Softens as Yields Recover
Swiss Franc is staying as the strongest one for today while markets are rather quiet elsewhere. Yen turns slightly weaker and US and European yields recover. But Dollar is also weak on overall steady sentiment. As for the week, however,...
EUR/CHF Extending Decline, Aussie and Kiwi Soft
Overall, the forex markets are pretty much staying in range, except for a few. Aussie and Kiwi are the weaker ones for the week, as weighed down by negative sentiment, as well as falling commodity prices But Dollar isn’t too...
Euro Falls on Poor PMIs, Yen Recovering Further
Euro falls broadly today after worse than expectation PMI data. Aussie and Loonie are also weak as commodity prices pull back. On the other hand, Yen and Swiss Franc are rebounding, following the rather deep pull back in US and...