ZURICH, July 1 (Reuters) - The pace of recovery in Switzerland’s manufacturing industry eased in June for ... has been rallying to record levels against the euro. EURCHF= The Swiss National Bank last month upped its growth forecast for …
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 …
Large global banks and retail brokerages were hit hard by the Swiss National Bank's sudden move Thursday to scrap its three-year-old cap on the value of the Swiss franc against the euro <EURCHF=EBS ... the regular New York Stock
For the past few years, forecasting the euro against the Swiss franc was a trivial exercise. Trusting the Swiss National Bank’s commitment to support the 1.20 floor between the two currencies, banks rolled over their views. But since the …
I would keep a close eye on all indicators of rising financial stress in Europe, like bund-eurozone sovereign bond spreads, the euro/Swiss franc (EURCHF) exchange rate and Swiss two-year notes. The EURCHF rate was barely contained at …
That triggered the biggest jump in the euro against the Swiss franc EURCHF since the shared currency’s introduction in 1999. It moved right to the level the SNB wanted: 1.20 francs. But the real question is can it keep it there? Investors …
The Board of Directors released the following statement: “Since postponement of our conversion and stock offering in …
USDCHF fell strongly last week after changed SNB policy when they decided to end 1.2 peg on EURCHF. CHF is up across the board, and it seems to be first currency that is now turning bullish against the USD, so the question is if …
Since Steve Jobs has passed away there has been a bit less enthusiasm for the actual stock even if the world is addicted to buying the newest release of iPhones and iPads. A report out of London may from Saxo Bank called “10 Outrageous …
"The Swiss National Bank's decision to remove the EURCHF Sf1.2000 floor is a monumental development for FX markets," said Christopher Vecchio, currency analyst at DailyFX, in a market note. "Nothing more needs to be said than the fact …