USD/CHF News, Page 1

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The dollar started the year under pressure because investors thought the Fed would turn a little a dovish, while the rest of the major central banks would continue on a path toward higher interest rates. However, as the global economy began to weaken, the major central banks turned dovish.

Sterling recovers while Euro touches two-week high amidst uncertain Brexit. Major Currencies benefitted from the Greenback slump. Oil prices jump underpinned by latest OPEC news.

The U.S. Dollar fell to its lowest level against a basket of currencies since November 20 on Monday, putting the index in a position to continue to retreat early in the new year. The index has been under pressure since December 14 when the Fed announced it was reducing the

Investors took shelter in the Yen despite soft domestic data, a decline in benchmark Japanese bond yields and dovish remarks from the Bank of Japan. Money also flowed into the Swiss Franc which suggests investors were taking some insurance against extended volatility in the stock market.

Higher U.S. Treasury yields helped make the U.S. Dollar a more attractive investment on Wednesday. This encouraged recent short-sellers to take profits and trim their bearish positions.

The 1.6 PCE reading puts inflation back below the Fed’s 2-percent goal which means it may alter its plans to raise rates in December or as many as three times in 2019. Some analysts are saying the Fed rate hikes may become more gradual. Instead of raising rates once a

Oil prices take NZ imports to the highest on record, with focus shifting to Draghi and the ECB Press Conference, a myriad of unknowns to consider.

U.S.-China trade relations remain the focus for traders. Things heated up somewhat on Monday when a Chinese official told American Investors at a meeting that Beijing did not “fear” a trade war with Washington.

Adding to the dollar’s weakness was the consolidation of Treasury yields. After yields surged to multi-year highs last week, the rise in yields has subsided, reducing demand for the dollar. Gold improved on Tuesday, but the market posted an inside move, which typically indicates investor indecision and impending volatility. Traders

A Commerce Department report on Monday showed that U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.

The dollar remained under pressure after Trump’s criticism about the strengthening of the national currency. Global stocks drift lower ahead of a big corporate earnings week.

The Trump administration announced it would take a softer stance toward Chinese investment than previously reported.  New orders for key U.S.-made capital goods and shipments unexpectedly fell in May, but data for the prior month was revised higher. The Commerce Department also reported that the goods trade deficit declined 3.7

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed lower on Tuesday as investors continued to express concerns over a possible increase in OPEC crude supply. Also pressuring prices were the escalating trade dispute between the United States and China.

During yesterday’s trading session Crude Oil WTI rose above $70 for the first time since 2014, as US President Trump announced that he would reveal his decision on the Iran Deal today at 18:00 GMT.

Bank shares initially traded higher before falling. However, analysts said the strong results were already priced in.

The news drove down demand for higher risk assets, making the safe haven Japanese Yen and Swiss Franc the big winners on Monday. Commodity, or export-oriented currencies like the Canadian, Australian and New Zealand Dollars were mixed with the Loonie trading higher and the Aussie and Kiwi lower.

The USD is weaker against all the majors today, continuing the pressure from yesterday. End of year liquidity is light and many of the themes from earlier in the month are reversing.

Key Macroeconomic Data for the week aheadMonday, 13th November:N/ATuesday, 14th November:China Industrial Production y/y (Oct)German GDP q/q (Q3) PrelimUK CPI y/y (Oct)German ZEW Economic Sentiment (Nov)S PPI m/m (Oct)Wednesday, 15th November:Japan GDP q/q (Q3)UK Average Earnings Index + Bonus (Sep)UK Claimant Count Change (Oct)S Core CPI m/m (Oct)S Core Retail

The US Dollar has been out of luck recently. The “presidential” rally in the name of Donald Trump that took place last autumn was replaced by inertial depression, which later transformed into a true anti-Dollar trend. Ocean of scandals relating to the White House and the people that live there