Parity Party for the Swissy
The Swiss Franc has reached parity with the US dollar. Apart from the general weakness of the greenback across the board, also the Swiss National Bank has a role in bringing USD/CHF to 1. USD/CHF reached a year-to-date low of 0.9960 and trades now at a perfect 1.0000. The pair last reached this rate in [...]
Dollar fights back – weekly roundup
The dollar isn’t giving up so easily. This sent some currencies down, while others are stuck in a range. Bernanke’s speech at the beginning of the week was quite confusing, but his mention of the currency markets moved the them. Only the Yen gained against the greenback. Let’s see which currencies did better than others. [...]
The Race to Parity
A new wave of dollar weakness brings the Canadian dollar and the Swiss Franc closer to parity. Both just made strong moves, but have different characteristics. USD/CAD The Canadian dollar made a move during Canadian Thanksgiving. After closing at 1.0421, USD/CAD went to the low 1.03s, where it was stuck above the support line of [...]

