-
Swiss central bank readies for FX intervention if safe haven franc strengthens
The Swiss National Bank said on Thursday it is ready to intervene in foreign exchange markets if a rebound in demand for the safe-haven franc drives the currency higher. It came as the central bank left its main policy rate unchanged at 0%, in a move widely expected by markets, keeping borrowing costs well below those seen in other major economies. In a statement, Martin Schlegel, chairman of the SNB’s Governing Board, said the outbreak of the Middle East conflict on Feb. 28 initially heaped upward pressure on the Swiss franc, as investors sought out its safe-haven status. That pressure has since eased, but the SNB ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From dol.gov|3 hr ago|8 commentsIn the week ending June 13, the advance figure for seasonally adjusted initial claims was 226,000, a decrease of 4,000 from the previous week's revised level. The previous week's ...
From @financialjuice|3 hr agoBoE Gov. Bailey: The economy has softened, and energy costs are above pre-war levels BoE Gov. Bailey: I am very encouraged by developments in Middle East. BoE Gov. Bailey: While i'm not pretending Brexit has been good, it's been nowhere near as detrimental on UK financial sector as some people initially thought.
From statcan.gc.ca|3 hr agoPrices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), were up 1.2% month over month in May and increased 13.6% year over year. ...
-
- Newer Stories
From gold.org|3 hr agoGold’s returns have moderated from the highs seen in early 2026. As of 15 June, international and domestic gold prices were down 4.2% and 3.7%, respectively, from the end of May. ...
From @realDonaldTrump|2 hr 25 min ago|21 comments
OIL IS FLOWING, IRAN CAN NEVER HAVE A NUCLEAR WEAPON (THE WORLD WILL BE SAFE!), THE STOCK MARKETS ARE ROARING, JOBS ARE AT RECORDS, AND PRICES ARE DROPPING (AFFORDABILITY!). OUR COUNTRY IS STRONG, SAFE, AND RESPECTED LIKE NEVER BEFORE. “YOU’RE WELCOME!” President DJT
From prnewswire.com|2 hr 24 min agoThe Conference Board Leading Economic Index® (LEI) for the US increased slightly by 0.1% in May 2026 to 99.3 (2016=100), following a 0.2% increase in April. After these two ...
- Story Stats
- Jun 18, 7:36am | 3 hr ago Posted byFundamental Analysis1,049
- Linked events:
- Instrument:
- 5 traders viewing now
