EUR/CHF, USD/CHF flows: CHF back to Yesterday Highs

December 29, 2023 10:40 AM UTC

EUR/CHF has moved back down to yesterday lows and helped to provide strength for the CHF across the board.  However, it is difficult to see the move lasting fundamentally.  Though the SNB is expected to cut rates less than the ECB next year, the SNB decision to stop FX sales at the December meetin

EUR/USD, USD/JPY, USD/CHF flows: JPY down and CHF up, but

December 29, 2023 9:06 AM UTC

Europe has started off with a move lower on the JPY against the USD and EUR, while in contrast the CHF has moved higher against the EUR and across the board.  However, this is not news driven but rather flow driven and traders find it difficult to see long lasting meaning in the moves.  The mood i

EUR/USD, USD/JPY, USD/CHF flows: USD off the Lows

December 28, 2023 5:01 PM UTC

The USD then bounced off the low, as global bond yields drifted higher on a sense that the November/December optimism could be getting ahead of the Fed. Additionally, some U.S. money market tightening before year end also helped lift the USD off the lows.  Finally, USDCHF stalled before 0.8320, whi

EUR/USD, USD/JPY, USD/CHF flows: Consolidation after Claims

December 28, 2023 2:00 PM UTC

After the post-Christmas USD losses, it would be normal to see some consolidation, but end of year USD selling in thin conditions could still move the USD says traders.  Focus on USD/JPY and USD/CHF into the New Year, though EUR/CHF is now getting to levels that could see SNB smoothing intervention