SNB & CHF

The Producer Price Index (PPI) or officially named "Producer and Import Price Index" describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015...

Censorship is not helpful to democracy–rather, it is the death of democracy. The mainstream media is awash with hyper-active headlines about “fake news.” How can we make sense of this sudden obsession? Perhaps we can start by separating “news” from “analysis” from “commentary.” “News” is “he said this, she did that, this happened.” Analysis tries to make sense of trends that are apparent in the news longer-term–for...

Censorship is not helpful to democracy–rather, it is the death of democracy. The mainstream media is awash with hyper-active headlines about “fake news.” How can we make sense of this sudden obsession? Perhaps we can start by separating “news” from “analysis” from “commentary.” “News” is “he said this, she did that, this happened.” Analysis tries to make sense of trends that are apparent in the news longer-term–for...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 13(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is little changed against most of the major currencies.  The dollar finished yesterday’s North American session on a soft note, but follow through selling has been limited.  After rallying to near 10-month high above JPY116 yesterday, the greenback finished on session lows near JPY115.00. ...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 13(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is little changed against most of the major currencies.  The dollar finished yesterday’s North American session on a soft note, but follow through selling has been limited.  After rallying to near 10-month high above JPY116 yesterday, the greenback finished on session lows near JPY115.00. ...

Summary: The UK reports inflation, employment and retail sales this week. The BOE meets but will keep rates steady. The US 2-year premium over the UK is the highest since at least 1992 today. United Kingdom While the Federal Reserve meeting is the highlight this week, the UK has a number economic reports and the Bank of England’s Monetary Policy Committee meets.   The UK reports inflation tomorrow, followed...

Summary: The UK reports inflation, employment and retail sales this week. The BOE meets but will keep rates steady. The US 2-year premium over the UK is the highest since at least 1992 today. United Kingdom While the Federal Reserve meeting is the highlight this week, the UK has a number economic reports and the Bank of England’s Monetary Policy Committee meets.   The UK reports inflation tomorrow, followed...

Summary: The UK reports inflation, employment and retail sales this week. The BOE meets but will keep rates steady. The US 2-year premium over the UK is the highest since at least 1992 today. United Kingdom While the Federal Reserve meeting is the highlight this week, the UK has a number economic reports and the Bank of England’s Monetary Policy Committee meets.   The UK reports inflation tomorrow, followed...

20 Minutes. Because of negative interest, even a savings account earning 0% interest is earning too much reckons the bank’s boss. Source: Facebook Migros Bank - Click to enlarge Soon many banks will be passing on some of the cost of negative interest to their clients, reports 20 Minutes. Migros Bank will need to seriously consider doing the same in 2017. The bank’s boss Harald Nedwed told the NZZ am Sonntag that the...

Source: Facebook Migros Bank - Click to enlarge 20 Minutes. Because of negative interest, even a savings account earning 0% interest is earning too much reckons the bank’s boss. Soon many banks will be passing on some of the cost of negative interest to their clients, reports 20 Minutes. Migros Bank will need to seriously consider doing the same in 2017. The bank’s boss Harald Nedwed told the NZZ am Sonntag that the...