Thomas Jordan — News Archive

    Archives

USD/CHF Flat on Inflation, Investors Weigh SNB Comments

The Swiss franc is trading relatively flat against the US dollar to finish the trading week. The safe-haven asset, which has been one of the top-performing currencies in this year’s chaotic financial market, was struggling to find direction amid the latest producer and import prices and the central bank’s lack of enthusiasm over negative interest rates. Despite a bombardment of foreign exchange interventions, the franc continues to appreciate, frustrating policymakers.

USD/CHF Continues Slide Below 0.94 As SNB Defends Franc Interventions

The Swiss franc continues to strengthen against its most traded currency competitors to close out the trading week as the US Dollar Index slipped to a one-month low. The franc has been making gains on growing confidence in global financial markets, coronavirus vaccine hopes, and a weakening greenback. The franc is strengthening despite the central bank continuing to defend its currency interventions.

Swiss Franc Tries to Recover From Two-Month Low Amid Retail Sales Crash

The Swiss franc is trying to recover from a two-month low against the US dollar as investors pour into the currency amid global economic and political uncertainty. Despite the central bank’s best efforts to install a ceiling on the franc’s appreciation, traders are still seeking safe-haven assets in the event of another market meltdown, which some Wall Street titans have warned about in recent weeks.

Swiss Franc Weakens on Trade War Concerns, Bearish Monetary Policy Forecasts

The Swiss franc is weakening against the greenback on Thursday after the central bank warned that the trade war could rock the currency. A central bank official also encouraged investors to hold tight because a tighter monetary policy is still far away from being realized. That said, officials believe the franc remains highly valued in the global financial markets.

Swiss Franc Falls Below 1.20 Against Euro

The Swiss franc fell below the historically important level of 1.20 versus the euro as the risk appetite drove investors away from safe currencies. Still, Swiss National Bank Chairman Thomas Jordan saw no reason to abandon the extremely loose monetary policy.

Swiss Franc Supported by Low Unemployment

The Swiss franc was flat against some currencies and rose versus others today as a report showed that unemployment in Switzerland remained extremely low.

Swiss Franc Rallies After Speech of SNB Chief

The Swiss franc rose today after the speech of the central bank’s chief even as some economic forecasts for Switzerland were revised down.

Swiss Franc Falls as SNB Monetary Easing Has Not Reached Limit

The Swiss franc fell today as policy makers of the Swiss National Bank were defending the current negative interest rates and signaled that monetary easing has not yet reached its limit.

Swiss Franc Gains, Ignoring Adverse Fundamentals

The Swiss franc gained today even though fundamentals did not look particularly supportive for the currency.

Prospects of Monetary Easing Makes Swiss Franc Unattractive

The Swiss franc fell on Thursday and extended its move down on Friday as prospects of even more accommodative monetary policy made the currency less appealing to investors.

Navigation

Menu