… market interventions and the recent scandal that caused the departure of its President. The franc dives as this seemingly gives a green light for the bank to continue its policy of weakening the currency. FXF -0.7% . Post your comment!
The euro ( FXE ) moves up to 1.2080 vs. the Swiss franc ( FXF ) after interim SNB chief Jordan says the bank won't tolerate trade below the CHF 1.20 floor. "This commitment applies at …
… The SNB enforces this by (more or less) furiously printing francs with which to buy euros as they fall . The resignation of SNB Chairman Hildebrand may have the market ready to test the SNB's resolve. FXF -1.3% . Post your comment!
… these costs. The fund does not utilize derivative instruments to gain currency exposure. Suitability CurrencyShares Swiss Franc Trust FXF provides pure exposure to the franc's movements against the dollar, but unless used for a specific …
… create a legal framework for negative interest rates. Earlier the franc had strengthened when the Finance Minister said negative rates were among the tools the country had to combat the currency's strength. FXF -0.2% . Post your comment!
By All Things Forex : With the European Central Bank interest rate announcement and the EU Summit on the horizon, the trading week ahead could prove crucial for the future fate of the euro and the debt crisis-stricken euro-area. In preparation for the new trading week, here is the outlook for the
The greenback and the euro quickly surge higher vs. the Swiss franc on a rumor the SNB is considering additional weakening steps, including the imposition of negative interest rates. FXF -0.3% . Post your comment!
By All Things Forex : The week ahead will mark the beginning of the final month of the year with a series of important U.S. economic data culminating with the Non-Farm Payrolls and Employment Situation report, as traders continue to ponder the impact of the EU debt crisis, the state of the U.S. ...
By All Things Forex : In case the market decides to pay attention not only to headlines from Italy and Greece but also to economic data, the week ahead will offer plenty of insights on inflation and economic conditions in some of the world’s largest economies. In preparation for the new trading ...
By Cliff Wachtel : The past week’s continued rally was mostly on rising hopes for progress on the EU crisis. No one believes the big ultimate solution is coming soon. That would require two huge commitments we don’t think the EU is ready to do: Place national budgets under centralized EU control in