SNB & CHF

Aug.05 -- Marc Chandler, chief market strategist at Bannockburn Global Forex, discusses the U.S. calling China a currency manipulator and China’s possible reaction. He speaks on “Bloomberg Markets: China Open.”

President Trump’s tweets last week announcing the end of the tariff truce signaled a new phase in the US-Chinese tensions. China responded as did investors. I was fortunate to have been invited to the Bloomberg set to discuss the issues of the day. In this two-minute clip, I suggest there will be far-reaching implications for investors. World growth is getting marked down as deflationary forces strengthen. The...

Aug.05 -- Marc Chandler, chief market strategist at Bannockburn Global Forex, discusses the U.S. calling China a currency manipulator and China’s possible reaction. He speaks on “Bloomberg Markets: China Open.”

Admiring the view above Lake Lucerne, central Switzerland. American visitors to Switzerland have increased by over 40% in five years and represent a major growth motor for the tourism industry, annual statistics show. Chinese and Indian tourists are often seen as the future of Swiss tourism, the SonntagsZeitung and Le Matin Dimanche newspapers reported at the weekend. However, they say, “North America is the real growth...

“I know it, when I see it.” This phrase was first used by U.S. Supreme Court Justice Potter Stewart, in a case of obscenity. Instead of defining it—we would think that this would be a requirement for a law, which is of course backed by threat of imprisonment—he resorted to what might be called Begging Common Sense. It’s just common sense, it’s easy-peasy, there’s no need to define the term… This is not a satisfactory...

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Aug.05 -- Marc Chandler, chief market strategist at Bannockburn Global Forex, discusses the market implications of China letting the yuan slip to its lowest level in more than a decade. He speaks with Bloomberg's Caroline Hyde on "Bloomberg Surveillance."

Aug.05 -- Marc Chandler, chief market strategist at Bannockburn Global Forex, discusses the market implications of China letting the yuan slip to its lowest level in more than a decade. He speaks with Bloomberg's Caroline Hyde on "Bloomberg Surveillance."

Swiss Franc The Euro has fallen by 0.13% to 1.0893 EUR/CHF and USD/CHF, August 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Chinese officials took the US tariff hike quietly last week but struck back today. The PBOC fixed the dollar higher (CNY6.90), which it has not done, and will halt imports of US agriculture. The dollar shot through CNY7.0 to finish the...

The die is cast. To defend the uneven expansion and ward off disinflationary forces, monetary authorities will provide more accommodation. The Federal Reserve delivered its first rate cut in more than a decade and stopped unwinding its balance sheet two months earlier than it previously indicated (worth $100 bln of additional buying of Treasuries and Agencies). Following the end of the tariff truce, and after the July...