|Day's Range||1 - 1.004|
|52 Week Range||0.9542 - 1.0229|
Thursday brought us gains on two important European currencies: CHF and EUR. The first one was gaining traction from some time already but for the second one that is something new and should be rather considered as a short-term correction.
Financial service provider SIX is developing a stablecoin pegged to the Swiss franc, a company spokesman confirmed to Cointelegraph on May 23. The company is also planning to launch a blockchain-powered exchange for digital tokens in the second half of 2019, but the spokesman said he was currently not at liberty to discuss further details concerning whether the stablecoin will operate on that exchange. SIX also runs Switzerland’s top stock exchange — and earlier this month, a top executive revealed that the company is planning to issue its own tokens on the upcoming digital exchange.
SIX, the Swiss national stock exchange group, is working on creating its own stablecoin pegged to the Swiss franc.
The Japanese yen and the Swiss franc firmed on Wednesday as risk appetite remained weak in the backdrop of festering trade tensions between the United States and China. While risky assets heaved a sigh of relief overnight after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies, the lack of a significant breakthrough has kept investors on edge. "We are still skeptical over a long-lasting recovery," said Charalambos Pissouros, a senior markets analyst at JFD group.
Based on the early price action and the current price at 97.900, the direction of the June U.S. Dollar Index the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at 97.950.
May is definitely an interesting month on the market. It is hard to generally say if this is a month of a USD, or safe heavens or for example Bitcoin.
June U.S. Dollar Index traders should keep an eye on the Euro since it is heavily weighted in the index. The Dollar Index could weaken if the EUR/USD takes out 1.1164 and strengthen if the EUR/USD breaks through 1.1152.
Moody's Investors Service ("Moody's") has today assigned an A2 rating to Banco de Crédito e Inversiones's (Bci) CHF175 million fixed-rate senior unsecured notes maturing on 22 November 2024. The rating has a stable outlook.
Investing.com - The Chinese offshore yuan lost its initial impetus and traded little changed against the U.S. dollar on Tuesday as China’s central bank supplied liquidity, dampening a rebound from 2019 lows.
Investing.com - The U.S. dollar traded flat against its rivals on Monday, pressured by a rise in the safe-haven yen as Beijing retaliated against Washington's most recent tariff salvo.
Investing.com - Even though the U.S. dollar hit a four-month high against the Chinese yuan on Monday, the greenback was under pressure as investors piled into safe-haven currencies such as the Japanese yen and Swiss franc.
Investing.com -- The dollar is broadly lower in early trading in Europe on Friday as markets ‘sell the fact’ of higher U.S. tariffs on China, after ‘buying the rumor’ all week.
The safe-haven Japanese yen and Swiss franc dipped on Friday, handing back some of their large gains made earlier, as risk aversion eased in Asia amid the ebb and flow in market sentiment towards U.S.-China trade negotiations. The United States is poised to trigger another round of punitive tariffs at 12:01 a.m. EDT (0401 GMT) on Friday and investor focus was on how the negotiations would pan out. With Asian equity markets bouncing on Friday, recovering some of the previous day's steep losses, the dollar edged up 0.2 percent to 109.990 yen.
Investing.com - Even as two days of Sino-U.S. trade talks began in Washington on Thursday, the escalating tensions between the two world powers sent investors into risk-off mode, boosting the appeal of the safe-haven yen.
Major currencies perceived as safe plays during economic and political uncertainty strengthen Wednesday as global equity markets face consistent pressure.
Donald Trump’s tweets increasing tension around the ongoing trade war and John Bolton’s words about a possible war with Iran are successfully killing the mood on the market, shifting trader attention towards the safe haven assets.
A popular U.S. dollar gauge moves sharply lower in afternoon trade on Friday, surrendering early gains after an employment report for the month of April that topped economists’ expectations.
Today’s calendar is pretty busy, so definitely we will have many attractions and numbers to look at. So far they are not encouraging. PMIs from China and few readings from Euro Zone came worse than expectation.
As expected, the last day of this week brings us a correction of the recent movements, especially those on the USD and instruments connected with the USD (commodities).
The U.S. dollar on Tuesday gains ground against most of its major trading partners, hitting an intraday 22-month high.
The yen hovered near its lowest level this year on Monday as more signs of stabilisation in the Chinese economy and an upbeat start to the U.S. earnings season prompted investors to abandon the safe-haven currency to seek higher returns elsewhere. The safe-haven Swiss franc has also eased against the euro, which strengthened to 1.1340 franc, recovering its losses made late last month to hit a three-week high on the franc. Chinese data published on Friday showed exports rebounded sharply and new bank loans increased far more than expected in March.