SGM-FX insights
Our Daily Brief provides insights into the news and views driving today’s foreign currency exchange rates.
Dovish Canadian Bank – Part 1
Discussion and Analysis by Charles Porter: Hawkish monetary policy rhetoric has enveloped financial markets, and particularly currency markets, over the past couple of weeks. High volatility has prevailed, even within the most developed currencies. The Bank of Canada was the exclusive major developed economy to have ‘walked the walk’, and raise interest rates earlier […]
Swiss Bank cautious over Swiss Franc
SGM-FX
Thu 14 Sep 2017
Discussion and Analysis by Charles Porter: This morning, Switzerland’s National Bank (SNB) issued a press release detailing their latest monetary policy assessment. Their report detailed that the SNB is “maintaining its expansionary monetary policy”. Because the Bank had previously adopted negative exchange rates, this has interesting implications for macroeconomic thought as well as the […]
Canada Interest Rate Decision
SGM-FX
Wed 6 Sep 2017
Discussion and Analysis by Charles Porter: Canadian interest rate policy changed following the Bank’s last policy decision in July. A movement of 25 basis points to 0.75% continued to encourage the trend of a strengthening of the Canadian Dollar vis-à-vis most international currencies. However, on the back of strong GDP results at the end of […]
Disappointing Swiss GDP results
SGM-FX
Tue 5 Sep 2017
Analysis and Discussion by Charles Porter: Two statistics have been released by the Swiss Federal Statistics Office this morning. Meanwhile the Franc weakened. In order to analyse this effect, we consider the Swiss Franc (CHF) against key international currencies and its safe-haven partner, the Japanese Yen. The Swiss Franc has received heightened attention in […]
Australia Rate Decision
SGM-FX
Tue 5 Sep 2017
Discussion and Analysis by Charles Porter: “ Conditions in the global economy are continuing to improve”, although, the degree to which the domestic Australian economy is feeling any of this improvement is less certain. A reserved statement introducing the Monetary Policy Decision was released by Philip Lowe, Governor of the Reserve Bank of Australia. […]
