I’m back, tea n toast, in hand! Did ya miss me ? Nope, thought not. lol As I mentioned in my orderboard post the SNB No 2 is due to speak in Lugano with UBS CEO Ermotti at 10.30 GMT … Continue reading
19-month lows of 1.2071 just posted Let’s see if the SNB have any interest down here. Has been talk of bids at 1.2060 as we’ve reported here but unsubstantiated.
Yesterday Adam reported on rumours of EURCHF bids from the SNB at 1.2060 and while it’s reasonable to suggest this might be the case my enquiries to market contacts have yet to substantiate it although naturally enough the level has … Continue reading
For years we’ve heard US politician rail against Chinese currency manipulation yet the country that deliberately and openly manipulates its currency is given a tacit nod. In September we will be celebrating the third anniversary of the Swiss National Bank and a Bloomberg … Continue reading
Results of a survey of 23 economists released a little earlier shows that more than 75% of them say the SNB will keep the cap of 1.2000 vs EUR until at least 2016. Not even 10% say it will remove … Continue reading
Already? 1.2050 ? or even closer to 1.2000? Regular readers will know that I have long been a buyer of CHF in USDCHF and EURCHF rallies,well before the recent slide in both pairs, not for the least reason being the … Continue reading
Swiss National Bank says it’s adding co-operative lender Raiffeisen to a list of banks that come under closer supervision due to their importance to the wider financial system Credit Suisse, Union Bank of Switzerland and Zuercher Kantonalbank are the other … Continue reading
Comments from Danthine in an interview with L’Agefi. He added that real estate market imbalances stabilized in the last quarter. In early September it will be three years since the Swiss National Bank introduced the floor.
SNB president Thomas Jordan quoted in the Swiss Weltoche magazine referring to the EURCHF 1.2000 cap due to weak inflation “the minium exchange rate will remain the key monetary policy instrument for the foreseeable future” Make that the only instrument … Continue reading
SNB says deal allows renminbi, swiss franc purchased up to CHF 21 bln swap deal prequisite for Swiss renminbi market swap effective for 3 years