U.S. Dollar/Swiss Franc, U.S. Dollar/Canadian Dollar, U.S. Dollar/Japanese Yen and Bond Yields
The opposite scenario holds for the U.S. dollar/Swiss franc and U.S. dollar/Canadian dollar as both follow not yields but the actual bond price. When U.S. bond prices rise, both pairs rise and vice versa. See Exhibits 6.10 and 6.11.
EXHIBIT 6.10 Historic Chart of U.S. Dollar/Swiss Franc
EXHIBIT 6.11 Historic Chart U.S. Dollar/Canadian Dollar
In this instance, as the British pound/U.S. dollar and euro/U.S. dollar trended up between 2003 and 2006, U.S. ...
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