SNB & CHF

Swiss Franc The Euro has fallen by 0.42% to 1.0579 EUR/CHF and USD/CHF, May 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US has ratcheted up pressure on China on several fronts and has sapped risk appetites ahead of the weekend.  Equity markets are lower across the world.  Even in India, where the central bank unexpectedly cut the repo rate 40 bp, shares fell 0.7%. It was Hong Kong’s 5.5% that led the...

Switzerland has a humanitarian tradition and deals with relatively more asylum requests than other European countries, given the size of the population. Over 14,000 applications were submitted in 2019 and about a third of these people were admitted provisionally. However, migrants heading for Europe often prefer to go to neighbouring Germany and France. The Swiss asylum authorities say a procedure that quickly sends failed applicants back home deters them. If people are recognised as...

Switzerland has a humanitarian tradition and deals with relatively more asylum requests than other European countries, given the size of the population. Over 14,000 applications were submitted in 2019 and about a third of these people were admitted provisionally. However, migrants heading for Europe often prefer to go to neighbouring Germany and France. The Swiss asylum authorities say a procedure that quickly sends failed applicants back home deters them. If people are recognised as...

© Marekusz | Dreamstime.com The rate on deposits at the Swiss National Bank (SNB) is currently -0.75%. And while taking the rate further into negative territory is not the base case scenario, it cannot be excluded, according to some economists at the bank UBS. The probability that the SNB lowers rates further is not a base scenario, according to Thomas Jordan, the bank’s chief, reported the newspaper 20 Minutes. However, economists at UBS think it is possible, and...

Efforts are underway in Switzerland to accelerate the  development of sustainable aviation fuel. The aviation industry is a top greenhouse gas emitter. (Keystone) The Lufthansa Group has entered a partnership with the Swiss solar fuel developer Synhelion. The Swiss start-up is working to produce a fuel that emits 50% less CO2 by 2022 and plans to market a 100% renewable fuel in 2030. “We really have something here that demonstrates in a solid way that there is an...

If there’s been one small measure of progress, and a needed one, it has been the mainstream finally pushing commentary into the right category. Back in ’08, during the worst of GFC1 you’d hear it all described as “flight to safety.” That, however, didn’t correctly connote the real nature of what was behind the global economy’s dramatic wreckage. Flight to safety, whether Treasuries or dollars, wasn’t it. Back in March, while “it” was very obvious, even the New...

The virus news stream is mixed; the dollar has stabilized; US-China tensions continue to ratchet up We will get some more US economic data for May; weekly jobless claims are expected at 2.4 mln Eurozone and UK reported firm preliminary May PMI readings; BOE officials continue to take a very dovish tone South Africa is expected to cut rates 50 bp to 3.75%; Turkey is expected to cut rates 50 bp to 8.25% Japan and Australia reported preliminary May PMIs; Korea reported...

Crispin Odey I am writing in response to the comments you made in a letter to investors yesterday, which were widely reported. You have set the gold community afire, with claims that are not new and not true. So I shall attempt to douse the flames. As everyone knows, President Roosevelt outlawed the ownership of gold in 1933. Although gold was legalized in 1975, fears linger today that the governments may repeat this heinous act. There is no reason for this fear. In...

Economics has lost its way and the study has become both impotent and lacking in relevance. It’s easy to see how and why once we recognize that proper economic thinking takes place two steps beyond the apparent. Noneconomists typically take none of these steps, while modern economics has lost the ability to go beyond the first. This can, I think, be explained by economics’s increasing adoption of and reliance on mathematical and equilibrium models, which typically...

We have the honor of Hosting Alhambra Investments Chief Researcher, Jeff Snider and Eurodollar University's own Emil Kalinowski and we're going to peel back the layers or "perceived" layers of the Federal Reserve and Broader Financial Markets and ask the question... what would REAL US STIMULUS look like? It's going to be an incredible Show! Check out Eurodollar University - Alhambra Investments (https://www.youtube.com/channel/UCp8Xi-sPTL9VyZpHTPfLA-g) Please LIKE and SUBSCRIBE...