logo |

Informations

    Accueil   >     Original    >     Texte principal

    Forex Focus: Swedish Krona, Swiss Franc and Euro

    Extrait:In the currency market, balance dominates trades. On one side, the safe-havens keep their defensive qualities; on the other side, the currencies gain ground from every good economic or health news. However, this relative stabilization shouldn’t obscure the marked fund trends for the Swedish Krona or the Swiss Franc.
    1.png

      In the currency market, balance dominates trades. On one side, the safe-havens keep their defensive qualities; on the other side, the currencies gain ground from every good economic or health news. However, this relative stabilization shouldnt obscure the marked fund trends for the Swedish Krona or the Swiss Franc. Conversely, if the euro recovers a bit on the eve of the fundamental summit of the European Union, it will show a little neutrality with the greenback as last year.

      Royal Crown (Krona)

      The Swedish Krona has emerged as one of the winner currencies since the global lockdown, with some substantial gains on the dollar. At the start of the year, the Riksbank stood out with its key rate adjusting from last years -0,50% to 0. The monetary establishment wanted to end the 5-year negative rate. On this occasion, the Riksbank became the first to get out of it.

      At its recent low in the early March, the USD/SEK parity was traded at 10.40 SEK, now it takes only 9.1 SEK. This conquering course can be seen in the Swedish Krona, which has gone from 11.2 SEK to 10.35 SEK per euro. As a “good student” who pragmatically focused on serious budgetary matters, Sweden (member of the European Union since 1995) has joined the club of “frugal” with Netherlands, Austria and Denmark.

    2.png

      The euro and the dollar, no winner

      The euro has just made a leap in its trajectory against the dollar. It crossed the 1.14 USD line for the first time in 4 months. This breakthrough against multiple currencies comes out a few days before the extraordinary European summit dedicating the 750 billion stimulus plan. The euro took advantage of the latest information on the possibility of a vaccine against Covid-19 to progress against the safe-havens such as the yen and the Swiss franc.

      The risk assets are favored, which benefits the eurozone. Merkel, the chancellor of Germany, has just declared that European leaders must provide a “massive” response to the economic fallout arising from the coronavirus pandemic. Well not be in this situation any more this weekend. We are taking advantage of this focus on the euro to show its relative stability in the past several years. The graph below plots the 6-year course against the dollar year by year. We can see that the current exchange rate is located in the center (blue circle) of a narrow quotation range on this time benchmark, with an average of 1.12 USD.

    3.png

      The adulated Swiss Franc

      The president of the Swiss National Bank (SNB) spoke a few days ago. In fact, Mr. Jordan explained that in order to meet economic challenges, the SNB should rely on 2 instruments to which it had resorted before the outbreak of the crisis, namely the negative rates and the intervention into the currency exchange market. This 2 measures aim to slow down the appreciation of the franc, which is a real obstacle to Switzerland's exports. This trend has been reinforced by the fall in interest rates, which is decided by other central banks. Monetary easing has resulted in lower yields broadly, exerting pressure on the franc at the end of the chain because the initial spread with the Swiss rate has narrowed.

      The strength and confidence of the Swiss currency are not something new. The following chart shows the preeminent investors interest in the Swiss franc which has been gaining ground on the greenback for 50 years. Despite of the very strong trend over the last decade, the couple has been traded around the parity (close to 1), showing the relative balance.

    4.png

    Nouvelles chaudes

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Taux actuel  :
    --
    Montant
    United Arab Emirates Dirham
    Montant
    -- United States Dollar
    Attention

    Les données utilisées par WikiFX sont toutes les données officielles publiées par les instituts de réglementation tels que FCA, ASIC. Tous les contenus publiés sont basés sur les principes d'équité, d'objectivité et de vérité des faits. Il n'accepte aucune commission des courtiers, y compris les frais de relations publiques \ frais de publicité \ frais de classement \ frais de suppression de données. WikiFX fait de son mieux pour maintenir les données en ligne avec celles publiées par les instituts de réglementation mais ne s'engage pas à les conserver en temps réel.

    Compte tenu de la complexité de l’industrie du forex, certains instituts de réglementation délivrent des licences légales à certains courtiers en les escroquant. Si les données publiées par WikiFX ne concordent pas, veuillez utiliser la fonction Réclamations et corrections pour nous en informer. Nous allons vérifier immédiatement et publier les résultats.

    Les contrats de change, de métaux précieux et over-the-counter (OTC) sont des produits à effet de levier, qui présentent un risque élevé et peuvent entraîner une perte de votre capital d'investissement. Veuillez investir de manière rationnelle.

    Avis spécial: Les informations fournies par WikiFX sont uniquement données à titre indicatif et n’indiquent aucun conseil en investissement. Les investisseurs devraient choisir les courtiers eux-mêmes. Le risque lié aux courtiers n'est pas pertinent avec WikiFX. Les investisseurs assument eux-mêmes les conséquences et les responsabilités.

    ×

    Sélectionnez un pays / district

    ×

    Sélectionnez un pays / district