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Brexit and the Euro Shorting the euro is probably going to be fashionable soon as it weakens against the US dollar and the Swiss franc. The British pound may also gain against the euro once the Brexit agreement, whether hard or soft, is agreed upon as it is likely that the UK and the US will...
In my previous article on the USD/CHF currency pair, which is the U.S. dollar expressed in terms of the Swiss franc, I noted that upside will be favored going forward. I did, however, note that we should ideally look for prices under the 0.9770 mark before considering potential long position...
Overview Many centers remain closed for the holiday, and those that are open are seeing light activity. The large bourses open in the Asia-Pacific region, like Japan, China, and South Korea, advanced. India and Taiwan equities slipped. Most European markets remain closed. The S&P 500 is ...
By Francesco Pesole, FX Strategist and Petr Krpata, Chief EMEA FX and IR Strategist EUR: A small step above 1.12 The positive spillover effect of UK election into EUR/USD seems to have worn off. As we head to the Christmas holidays, the week ahead presents a few interesting eve...
In early October, I published my analysis here on Seeking Alpha on why the U.S. dollar is likely in a topping process and that my base case was that it would be weaker in 2020 and beyond. You can read that analysis here . The summary is that the dollar has been strong for the past five year...
Overview With the FOMC meeting delivered no surprises, attention turns to the ECB meeting as the UK go to the polls. Lagarde will hold her first press conference as ECB president today, and it will naturally command attention. Equities are advancing today, and tech appears to be leading the ...
The USD/CHF pair, colloquially referred to as the "Swissy", currently offers one of the strongest interest rate spreads among all positive-carry currency pairs. Naturally, this should provide continued support for the pair over time, as it effectively costs money to hold Swiss francs in terms ...
The euro has seemingly been in a lifelong bear market against the Swiss franc. Per the chart below, we can see that while the EUR/CHF pair has risen during certain long periods of time (most notably from January 2003 through October 2007), the overall trend is clearly negative. (Chart create...
The Australian dollar has been declining against the Swiss franc for some time. Might the pair have found a bottom, finally? The chart below illustrates the price action of the AUD/CHF currency pair since 1992. This also includes the most recent price action, which has the pair trading in the ...
At the end of October, I made the argument that in spite of negative rates in Switzerland, the currency could see some growth against the euro going forward, even if growth against the greenback is likely to be limited given the dollar’s new “safe haven” status in the cu...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E704 Company Name:
DCHF Stock Symbol:
NYSE Market:
Citigroup Global Markets Holdings Inc. (“CGMHI”) announced today that it will accelerate at its option, and in full, the ten series of exchange-traded notes listed in the table below (the “ETNs”). Holders of the ETNs will receive a cash payment per ETN in...