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US Dollar takes a day off at elevated levels after a steep surge throughout this week
1729253230 from FXStreet
The US Dollar (USD) turns flat to a touch softer on Friday with some profit-taking after steep rallies against many major G20 currencies this week. The slight retracement comes on the back of Chinese economic data and more details on the stimulus
This Assessment Will Please Swiss Banks
1729007759 from BANKING
… will particularly please Swiss private banks. It’s the day … which should especially please Swiss banks. Last spring, Capital Group highlighted … cash reserves. Swiss private banks have also felt the effects … in commission income for banks in Switzerland.
US Dollar very quietly ticks up in uneventful markets this Monday
1728910123 from FXStreet
The US Dollar (USD) is already fired up at the start of the week and ticks higher, despite several parts of the US markets closed for Columbus Day. Despite the bank holiday, three Federal Reserve (Fed) members are due to speak. Meanwhile, the additional
USD consolidates into PPI data – Scotiabank
1728647382 from FXStreet
The USD is consolidating this week’s gains after yesterday’s data reports interrupted its ascent, with the surprise rise in weekly claims offsetting and overshadowing slightly higher than expected CPI data, Scotiabank’s FX Chief FX Strategist Shaun Osborne notes.
Swiss Franc Edges Toward Decade High as SNB Resists Intervention
1727409600 from BLOOMBERG
The Swiss franc may reach the strongest level in almost a decade as the nation’s central bank cuts interest rates more gradually than peers and refrains from intervening to weaken the currency, according to JPMorgan Chase & Co. and Bank of New York Mellon.
SNB’s Schlegel Says ‘Further Cuts Could Follow’
1727349781 from BLOOMBERG
Martin Schlegel, the Swiss National Bank’s incoming president, says monetary policy is likely to continue along its easing path. “Further cuts could follow,” he told Bloomberg’s Bastian Benrath-Wright. “But there’s no pre-commitment to that.” Schlegel spoke after the SNB lowered borrowing costs for a third straight time, sticking with a quarter-point pace, bringing its key rate to 1%.
USD/CHF set to remain in its its four-week range of 0.8400-0.8550 – DBS
1727089193 from FXStreet
USD/CHF may not break above its four-week range of 0.8400-0.8550, even if SNB thinks a strong CHF was curbing imported inflation and hurting Swiss exporters amid weak demand from Europe, DBS’s FX analyst Philip Wee notes.