Thomas Jordan — News Archive


Swiss Franc Recovers Despite Actions of SNB

The Swiss franc gained today against the US dollar and the euro as the risk-negative sentiment on the Forex market drove investors to the safety of the Swiss currency. Initially, the Swissie traded lower versus the greenback due the intervention from the central bank.

Comments of SNB Chief Send Swiss Franc Lower

The Swiss franc slid against the US dollar and the euro today after the comments of the central bank’s chief, who complained about the strength of the currency and said that the central bank may intervene to bring the exchange rate down.

Swissie Loses Shine as Fears Recede

The Swiss franc tumbled today as the improving geopolitical situation made traders to lighten up some of their positions in safe assets, including the Swissie. The Japanese yen, another currency that is perceived to be safe, was even weaker, falling against its Swiss counterpart.

Franc Rises Despite Negative Fundamentals

The Swiss franc gained today even as the nation’s Producer Price Index rose last month less than was expected and Swiss National Bank President Thomas Jordan reiterated necessity to keep the cap on the currency.

Ceiling for Swiss Franc No Longer Needed?

The recent weakness of the Swiss franc led to speculations that cap on the currency that the Swiss National Bank has introduced in 2011 is no longer necessary. The Swissie declined today, but rebounded later, erasing losses versus the US dollar and reducing the drop against the euro. As of now though, the currency resumed its drop.

Franc Slides Despite Good Fundamentals, Stays Away from Ceiling

The Swiss franc slumped today even as yesterday’s macroeconomic data from Switzerland was rather good. As a result, the currency stays far away from the cap of 1.20 per euro that has been set in September 2011 by the central bank. The currency managed to gain on the Japanese yen.

Franc Weakens as Jordan Reiterates Necessity of Currency Cap

The Swiss franc fell today after Swiss National Bank President Thomas Jordan yet again reminded about necessity to keep the currency ceiling as a measure to protect the economy.

Currency Cap Stays as Long as Needed, Swissie Drops

The Swiss franc fell yesterday and maintained losses today as central bank’s Vice President Jean-Pierre Danthine indicated that the cap on the currency stays as long as the economic situation warrants. The currency managed to register gains versus the Japanese yen.

Franc Rises Even as Jordan Says Currency Ceiling Remains in Place

The Swiss franc gained today even after Swiss National Bank President Thomas Jordan said that the cap on the currency will remain in place as the economy is not healthy enough to tolerate stronger franc.

Franc Stronger After SNB Meeting

The Swiss franc rose today after the central bank left its monetary policy unchanged, keeping the cap on the currency intact, but refraining from any unconventional measures to spur growth.