That would be long the EURCHF. To me that is like shorting gold ... So if you believe that multiples are the only driver of stock prices you might conclude that the move by the SNB makes the SMI (stock index) a buy. Think again. A …
TOKYO (Reuters) - U.S. stock futures fell almost one percent and the yen jumped ... CHF=, its highest level in about a month and rose 0.6 percent to 1.1385 per euro EURCHF=. Gold XAU= also jumped 0.9 percent to $1,324 per ounce, …
NEW YORK (Reuters) - Stock markets fell worldwide on Friday as results from ... straight day and was set for its largest monthly drop in six years against the euro (EURCHF=). U.S. Treasury yields fell. Other data showed that U.S. labor …
Although the SNB relishes for the swissie to weaken further, the market is no one-way street. But the fact that the swissie and yen are desensitised from the moves in the stock market today will surely give Jordan & co some relief.
This is because the Swiss National Bank has drawn the line at 1.2 on the EURCHF exchange rate after pressure from ... ADRs in the U.S., but Exxon Mobil is another alternative. The stock market currently has a hard time discounting this …
On Monday, the Dow and S&P 500 U.S. stock indexes posted their biggest declines since ... Australian/Doll AUD= 0.7864 0.7877 -0.17% +0.00% +0.7890 +0.7836 ar Euro/Swiss EURCHF= 1.1568 1.1518 +0.43% +0.00% +1.1602 +1.1514 …
The Swiss franc reached an eight-week peak against the euro at 1.0845 francs per euro (EURCHF=). It was last up 0.5 percent at ... pressuring their shares in stock markets worldwide. Oil prices (LCOc1) (CLc1) slipping from 2016 highs …
In response, the stock market finally caves in and drops 25 per cent in ... Swiss National Bank wins and catapults EURCHF to 1.50 Switzerland's persistency in fighting the appreciation of its currency will continue to pay off in 2012.
To avoid undermining their own EURCHF efforts, the SNB would have to use its non-Euro FX holdings to make this purchase. That has raised worries that the floor can only hold while the SNB has the stock of FX needed to maintain it …