Tag Archives: CHF
US Summary
Ahead of holidays and the year-end, the few traders manning their desks Friday didn’t make many moves. Ten-year Italian bond yields once again climbed above 7%, helping keep the EUR in check against the USD and JPY. The common currency remains relatively range-bound just north of the psychologically important $1.30 level.
FX Daily Strategist Asia – Thu Sep 1
JPY stronger on fixing demand, BoJ spent Y4.51tn on August 4 Month-end fixing flows and the risk of being whipsawed acted as a deterrent to position taking Wednesday. In the event, the JPY was the recipient of most attention, USDJPY running up into the 4pm London (WMR) fix only to drop 40 points immediately in […]
CHF not a lot in the press release..SNB ..liq only
Swiss National Bank intensifies measures against strong Swiss franc The measures taken thus far by the Swiss National Bank (SNB) against the strength of the Swiss franc are having an impact. Nevertheless, the Swiss franc remains massively overvalued.
Back to 1978 for the CHF?
There was more talk of the potential CHF peg over the weekend with local press (SonnatsZeitung) reporting ‘intense’ talks and a possible announcement later this week. The newspaper mentioned 17 August as the day where an ‘appropriate plan’ could be announced. Over the past week we have outlined the various flaws of introducing a peg […]
What is going on in the CHF?
So EURCHF has been as low as 1.0257 and as high as 1.0921 today (A range of 6.5%) and we currently sit near those highs. Lets not forget that up until today the CHF had appreciated 22% vs the USD since the beginning of the year (the most of any G10 currency) and 35% since […]
HSBC: Currencies: NOK has beauty, but not everyone sees it
On all metrics that we consider the NOK is more defensive than the CHF. However, the market has been buying the CHF in a frenzy of defensive activity whilst ignoring the NOK. We believe this is a mispricing.