Just reading some analysis of the interbank order books which would seem to suggest that the USD is headed for more downside, in the bigger picture at least. This is a bit surprising given that CFTC data tells us that … Continue reading
The SNB buys Swiss for spot and sells it back out one month forward. They then leave the Swiss francs in the local money market trying to push short-term interest rates ever-lower.Just one more way o try and flood the … Continue reading
Following on from recent reports of SNB adding liquidity in the swap market, the move higher hasn’t been dramatic with a recent high of 1.1353. Offers 0.7880/00 in USD/CHF, and 1.1345/55 EUR/CHF currently capping the moves higher SNB not immediately avaialble to … Continue reading
Perhaps another round of intervention in the forwards market from the SNB, but that is just speculation on my part… USD/CHF jumped to 79.35 from 0.7880. EUR/USD to 1.4320 from 1.4275.
If we were gonna get a Swiss peg, it was going to come today. That was the thinking headed into today and now that the Swiss government has punted the issue back to the SNB, odds are we won’t get … Continue reading
Up to SNB to set franc target, if it decides to introduce one Franc is a matter for the SNB SNB’s job is to ensure price stability SNB is independent