|Day's range||0.987 - 0.992|
|52-week range||0.9189 - 1.0056|
Investing.com – The U.S. dollar was roughly unchanged against its rivals Wednesday as softer U.S. economic data and a rebound in sterling kept a lid on upside momentum.
Investing.com - The dollar edged higher against a currency basket on Wednesday in subdued trade amid a lull in an escalating trade dispute between the U.S. and China.
Japan’s yen and the U.S. dollar strengthened against their major rivals on Tuesday, as the escalating trade conflict between the world’s two biggest economies sent investors scrambling for safer assets. Trade tensions between the U.S. and China were already heightened, when President Donald Trump threatened to slap new import levies on up to $400 billion of Chinese goods late Monday, on top of the $50 billion his administration has already detailed. China responded on Tuesday, saying Beijing will have no choice but to take comprehensive measures in response to the U.S.’s trade moves.
Haven currencies, including the Japanese yen and Swiss franc, inched higher in muted trading Monday, as the trade row between the U.S. and China remained in focus. Trade tensions have been on the rise, with China vowing to retaliate against a U.S. round of tariffs by slapping duties on American export products, including crude oil, and suspending all previous trade agreements with President Donald Trump’s administration. Uncertainty over future relations between the two trade giants saw investors drop risky emerging-market currencies and go for safer ones.
Investing.com – The U.S. dollar was roughly unchanged against its rivals Monday as trade-war angst fuelled demand for safe-haven currencies, keeping a lid on upside momentum in the greenback.
Pictet Asset Management said on Wednesday it had raised exposure to the Swiss franc while remaining short on the euro due to the prospect of further political turmoil in the region. Pictet chief strategist Luca Paolini told clients the fund remained short the euro "given the political uncertainty in Italy and Spain, as well as the weakening of economic momentum. "In addition, we have raised our exposure to the Swiss franc – a currency that should gain in the event of geopolitical turmoil," Paolini said.
Investing.com - The euro pared back gains on Thursday as the U.S. imposed steel and aluminum tariffs on the European Union, Mexico and Canada, backing away from the highs of the day hit earlier amid easing concerns over the Italian political crisis.
Investing.com -The euro rebounded from ten month lows against the dollar on Wednesday, erasing the previous day’s losses as financial markets recovered from a steep selloff sparked by political turmoil in Italy.
Investing.com -The euro rose back above the $1.16 level on Wednesday as it recovered after falling to multi-month lows the previous day as fears over political turmoil in Italy roiled markets.
The dollar flexed its muscle against the euro Tuesday, as political turmoil in Italy and Spain sent the shared currency to a six-month low against the U.S. unit. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB), which gauges the currency against a half-dozen major rivals, climbed 0.7% to 94.827, and the WSJ Dollar Index(CALCULATED:BUXX), which measures the buck’s performance against 16 rivals, picked up 0.2% to 87.53.
Investing.com - The euro bounced off the worst levels of the day on Tuesday after comments by the leader of Italy’s Five Star political party calmed investors’ concerns over the prospect of an Italian exit from the euro zone.
Investing.com - The euro fell to its lowest level since November against the dollar on Tuesday as political turmoil in Italy and Spain weighed, while the safe haven yen posted broad gains amid widespread risk aversion.
The Swiss National Bank appears to have refrained from currency market intervention of late despite the safe-haven franc's renewed strength, sight deposit data released on Monday suggest. Total sight deposits only edged up to 576.63 billion francs in the week ended May 25, from 576.38 billion the week before. A rise in sight deposits can indicate central bank intervention to weaken the franc.
When CHF Solutions Inc’s (NASDAQ:CHFS) announced its latest earnings (31 March 2018), I wanted to understand how these figures stacked up against its past performance. The two benchmarks I usedRead More...
The U.S. dollar index extended its recent downtrend Thursday, pulling further from a 2018 peak, after President Donald Trump canceled a North Korean summit and potential import tariffs on cars brought up renewed fears over trade wars. The Turkish currency hit a historic low against the U.S. unit on Wednesday, before its central bank intervened to stabilize the currency.
Investing.com - The dollar pulled back from a five-month high against major rivals on Tuesday, as traders opted to take profits after the recent rally, while Forex traders focused on testimony to the UK Treasury Select Committee.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending May 15 on Friday.
Switzerland’s federal government has called for a study into the risks and opportunities of launching the “e-franc”, a proposed state cryptocurrency powered by blockchain technology. The Federal Council, Switzerland’s seven-member executive council that constitutes the federal government, has thrown its support behind a 32-year-old Swiss lawmaker Cédric Wermuth’s call for a formal government study into
Geopolitical risk returned with a vengeance this week, lifting traditional haven currencies and overshadowing other factors such as diverging interest rates and economic data. The geopolitical hot spots are Italy, where euroskeptic parties are weighing on the euro, and North Korea, which is threatening to pull out of the U.S.-led talks that are scheduled next month in Singapore.
Investing.com - Investors will be awaiting updates on U.S. producer price and consumer price inflation on Wednesday and Thursday, respectively, hoping for fresh insight on how how quickly interest rates may rise this year.
The Swiss franc, long a place to park cash during times of stress - and away from the taxman's eyes - may be losing its cachet, not least for Russian tycoons who face growing crackdown risks, from local regulations as well as at home. The franc slid on Thursday to 1.20 per euro, the level at which the Swiss National Bank in January 2015 abruptly abandoned as its exchange rate cap in a decision dubbed Frankenshock.
The euro-Swiss franc pair is trading at a three-year high, eerily close to the floor the Swiss National Bank abandoned back in January 2015. Geopolitical tensions, which should ordinarily make a haven ...