Forex Analysis

CHF Mid-day Analysis

News of the weakest Swiss manufacturing PMI in 1 1/2 years and a reading that is just barely above the

Tankan survey readings show almost no improvement in the Japanese economic track.

The Dollar has managed to remain in vogue despite some US data this week that some might consider to be disappointing.

The US Dollar is just too strong and many of Canada’s trading partners

The negative economic news continues to flow with UK manufacturing PMI disappointing the trade and

Regional PMIs surprise on the upside The Russian ruble hits record low Purchasing Manager’s Indices surprised positively in Hungary

Over the past month the Scandinavian crowns, NOK and SEK, are down by around 3.5% vs the USD,

AUDUSD underperformed, dropping to 0.8680 before finding support.

In the US focus turns to ISM manufacturing for September.

The pair started the session today at $0.8747 and spent the initial few hours in a $0.8745/49 range,

German bonds continued to rally yesterday, with the 10-year yield down another 2bp.

The pair started this morning’s session at $1.2631 after trading a high of $1.2635 last night during the US trading hours.