Swiss National Bank »

  • H.S. Borji

    The EURUSD rebounded on Monday, climbing from an 11-year low ahead of a potentially landmark announcement by the European Central Bank in Frankfurt on Thursday. The EURUSD bottomed out at 1.1485 last Friday in the fallout of the Swiss National Bank’s unexpected decision to remove the floor from the EUR/CHF. This unleashed unprecedented shockwaves throughout

  • David Becker

    The Swiss central bank last week abandoned its minimum exchange rate of CHF 1.20 per euro, which had been in place since 2011. The change in the central banks view came just ahead of this week’s European Central Bank meeting where Mario Draghi is expected to announce a full blown quantitative easing program. The SNB’s

  • H.S. Borji
    Forex » EUR/USD extends freefall
    H.S. Borji - January 16, 2015, 16:52 GMT

    The EURUSD hastened its decline on Friday, as the latest decision by the Swiss National Bank to end its three-year long peg of the euro raised the likelihood the European Central Bank would begin printing money in the months ahead. The EURUSD fell back below the 1.16 handle on Friday, bottoming out at 1.1461. The

  • H.S. Borji

    The US dollar edged lower against the Swiss franc on Friday, as the USDCHF continued to trade choppily after plunging to three-and-a-half year lows in the previous session. The USDCHF rallied to an intraday high of 0.8809, as the markets digested Thursday’s shocking Swiss National Bank announcement. However, the pair would subsequently consolidate at 0.8572,

  • H.S. Borji

    The US dollar declined for a fourth consecutive day against its Japanese counterpart on Thursday, as the drive toward safe haven assets continued to prop up the yen. The USDJPY bottomed out at 116.26 on Thursday. It would later recovery at 117.00, declining 0.2 percent. The pair is likely supported at 115.56. On the upside,

  • XM Markets UUIIFXBR

    The main news today was the abandonment of the 1.20 floor by the Swiss National Bank of the Euro / franc exchange rate.  The surprise decision caused widespread dislocation in foreign exchange markets, as euro / franc dropped as much []

  • Forex » Swiss Trade Improves
    May 27, 2014, 10:09 GMT

    Swiss Trade Balances have improved during the month of April according to data just released by the country’s Federal Customs Administration. The headline figure showed a Trade Balance of Chf 2,425M compared to a revised March number of Chf 1,996M, the market had expected a reading more like Chf 2,052M. Month on month actual Swiss

  • Forex » Welcome Pick Up In Swiss Inflation
    April 7, 2014, 07:30 GMT

    Switzerland has released Consumer Price Index data for March. The year on year figure is back to a neutral 0% from January’s print of -0.1%, market expectation had been for inflation to continue at -0.1%. The month on month change is also very encouraging at 0.4% versus the previous months increase of just 0.1%, the

  • Forex » Swiss Deflation Remains Concerning
    March 26, 2014, 14:43 GMT

    The Swiss National Bank (SNB) has published it’s first Quarterly Bulletin of 2013. Key to this report is that the SNB has recommitted to maintaining the cap on the Swiss Francs appreciation against the Euro. This artificial exchange rate barrier was established in 2011 during the peak of the European banking crises when European money