Speaking at the Kansas City Fed’s annual Jackson Hole symposium on Saturday, the president of the Swiss National Bank (SNB), Thomas Jordanwarned of the persistence of inflationary pressures. Featured Statements “Structural factors such as the transition to a greener economy, the increase in sovereign debt around the world, the demographic transition and, ultimately, also the […]
Tag: SNB
USD/CHF remains stable near 0.9600
USD/CHF reversed an intraday buy on Monday and broke above the 0.9600 level again. A positive risk tone undermined the CHF haven and extended some support to the pair. The modest dollar weakness failed to impress bullish traders and kept any further upside limited. The pair USD/CHF attracted some buying at the 0.9560 area on […]
USD/CHF falls to lowest level since Apr 21, bears flirt with 0.9500 level ahead of Powell
USD/CHF witnessed strong selling on Wednesday and fell to a two-month low. The surprise SNB rate hike in June and recession fears underpinned the safe-haven CHF. Lower US bond yields kept dollar bulls on the defensive and were not supportive. Investors are now awaiting Fed Chairman Powell’s speech for further directional momentum. The pair USD/CHF […]
USD/CHF will decline in the coming months – UBS
Swiss National Bank (SNB) interest rate hike should reduce US dollar momentum. Consequently, the economists UBS have lowered their forecasts on the USD/CHF. The unexpected rise in SNB rates will cause a strengthening of the franc against the dollar “The SNB surprised markets with a 50 basis point rate hike and announced its intention to […]
USD/CHF approaches monthly lows again, bears now await break below 0.9550
USD/CHF is down for the fifth day in a row and is back close to the monthly low. The surprise change in stance by the Swiss National Bank (SNB) continued to support the CHF and exerted some pressure. The softer tone surrounding the dollar was seen as another factor adding to the selling bias. The […]
USD/CHF remains near two-week lows, looks vulnerable around 0.9050
USD/CHF came under renewed selling pressure on Monday amid modest dollar weakness. The surprise rate hike by the Swiss National Bank has contributed to the intraday selling of the CHF. The Fed’s dovish expectations capped the dollar’s losses and gave it support amid a positive risk tone. The pair USD/CHF it found fresh supply on […]
USD/CHF continues previous day’s sharp losses and falls to two-week lows
USD/CHF witnessed selling for the third day in a row and fell to a two-week low on Friday. The surprise 50 basis point rate hike by the Swiss National Bank continued to support the CHF and exerted some pressure. The bulls seemed unaffected by a nice pickup in dollar demand and the boost in risk […]
USD/CHF drops 250 pips amid SNB rate hike and USD weakness
The Swiss franc is among the best performers after the surprise rate hike by the SNB. USD/CHF extends its decline amid risk aversion and dollar weakness. EUR/CHF is heading for the lowest close in two months. On Thursday, the Swiss franc is having the best day in months following the unexpected rate hike by the […]
USD/CHF continues to fall against an unstoppable Swiss franc after SNB rally
Swiss central bank unexpectedly raises interest rates. Swiss franc leads among currencies on Thursday after SNB surprise. The dollar loses strength at the opening of the American session. USD/CHF extended the decline and hit 0.9719, the lowest level in a week. The Swiss franc is the best performing currency on Thursday buoyed by the Swiss […]
S&P 500: Sharp falls the day after the Fed, Swiss franc soars
Opening is expected with sharp falls in the US. Bank of England rises by 25 basis points, Switzerland surprises with a rise of 50 points. The dollar recovers ground, but the yen and the franc lead. Markets are falling on Thursday, the day after the Fed’s decision, more than reversing Wednesday’s rally. Switzerland joins the […]