SNB & CHF

Swiss Franc The Euro has risen by 0.39% to 1.0929 EUR/CHF and USD/CHF, November 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Comments by US presidential adviser Kudlow playing up the prospects of a trade agreement between the US and China, with other reports suggesting a key call be held today, is helping to underpin sentiment into the weekend. The MSCI Asia Pacific Index pared this week’s loss today, with...

Andréa Maechler, Mitglied des Direktoriums der Schweizerischen Nationalbank. Bild: ZVG Aufgabe der Nationalbank sei die Gewährleistung der Preisstabilität, sagte SNB-Direktorin Andréa Maechler. Es sei nicht wünschenswert, dass die SNB “spezifische struktur- oder gesellschaftspolitische Ziele anstrebe”. Das Bestimmen der Ziele und der Lösungsansätze für den Übergang in eine kohlenstoffarme Wirtschaft müsse “im Rahmen eines Dialogs und aufgrund politischer...

An initiative, approved by voters 25 years ago, wants heavy-goods vehicles to be in put on rail in a bid to reduce transalpine traffic (Archive picture). (Keystone/Martin Ruetschi) The Swiss government has decided to earmark CHF180 million ($182 million) as part of a package to promote the transfer of heavy-goods transport from road to rail. In its bill to parliament, the government foresees an extension of payments to transport companies using freight trains until...

The decision applies to bills starting in the sixth series issued in 1976, which includes the 100-franc note with a portrait of architect Francesco Borromini. Banknotes as old as 1976 can soon be traded in at the national bank following a decision by the federal government to eliminate the 20-year time limit. The Swiss National Bank (SNB) issues a new series of banknotes every 15 to 20 years and removes the old notes from circulation. Six months later, the old notes...

With year-end upon us, we review some of the key risks to EM assets and how we think they progress from here. In short, the two most significant downside risks would be a decisive improvement in Elizabeth Warren’s polling figures and an upset in the US-China trade negotiations. We expect a stronger dollar and higher yields in the near-term but with the upside for both capped, leaving us with a modestly favourable risk-taking environment. In terms of risk...

According to an article in Bloomberg on November 5, 2019, Milton Friedman’s business cycle theory seems to be vindicated. According to Milton Friedman, strong recoveries are just natural after particularly deep recessions. Like a guitar string, the harder the string is plucked down, the faster it should come back up. Bigger recessions should lead to faster growth rates during the recoveries, to get the economy back to the pre-recession level of activity. In...

A U.S. representative who has been pressing the Treasury Department, Federal Reserve, and Commodity Futures Trading Commission (CFTC) with questions about the gold and silver markets has asked Attorney General William P. Barr to try intervene and get answers from the commission. In a letter dated November 1 and made public today, the U.S. representative, Alex W. Mooney, Republican of West Virginia, commends Barr for the Justice Department’s recent criminal...

Scottsdale, Ariz, October 25, 2019—Monetary Metals® announced today that it has leased platinum to Money Metals Exchange® to support its U.S.-based business of selling precious metals at retail and wholesale. Investors earn 3% on their platinum, which is held in Money Metals’ inventory vault in the form of platinum coins, bars, and rounds. The lease fee is paid in gold. Monetary Metals has a disruptive model, leasing gold and silver—and now platinum—from investors...

Swiss Franc The Euro has fallen by 0.17% to 1.0876 EUR/CHF and USD/CHF, November 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Rising trade anxiety and disappointing economic reports from the Asia Pacific region helped unpin the profit-taking mood in equities, while bond yields continued to pullback. The MSCI Asia Pacific Index and the Dow Jones Stoxx 600 are in the red for the fourth time in the last five...

14.11.2019 – The number of employed persons in Switzerland rose by 0.3% between the 3rd quarter 2018 and the 3rd quarter 2019. During the same period, the unemployment rate as defined by the International Labour Organisation (ILO) increased from 4.4% to 4.6%. The EU’s unemployment rate decreased from 6.5% to 6.2%. These are some of the results of the Swiss Labour Force Survey (SLFS). Download press release: 3rd quarter 2019: 0.3% increase in number of employed...