Tag Archives: 1) SNB and CHF

Switzerland’s central bank, the Swiss National Bank (SNB), lost $3.6 billion in 2023,  after a gigantic loss of $150 billion in 2022. But after booking these losses, and properly subtracting them from its capital, the SNB still had positive capital of over $70 billion. This gives it the quite respectable capital to total assets ratio of 7.9%. All of these numbers are after marking its investments to market, as is required by the SNB’s governing law, so the capital is...

Share: The US Dollar trades softer across the board on Wednesday.  US Federal Reserve Chairman Jerome Powell is heading to Capitol Hill for his semi-annual testimony.  The US Dollar Index snaps an important support, looking bleak ahead of the ECB decision and NFP data. The US Dollar (USD) is facing some firm selling pressure on Wednesday...

The Swiss Franc edges lower against the US Dollar on the back of relatively low inflation in Switzerland, which indicates interest rates remaining low.  SNB’s Jordan says Swiss Franc rising in real terms is hurting Swiss exporters, SNB unlikely to pursue CHF-strengthening policies.  USD/CHF hits resistance at falling trendline, 50-week SMA.  The Swiss Franc (CHF) edges lower against the US Dollar (USD) on Wednesday as traders continue to bet on a less-inflationary...

USD/CHF trades sideways near 0.8800 as the focus shifts to US economic data. The Swiss economy is expected to have growth at a moderate pace of 0.1% in the last quarter of 2023. Fed policymakers support holding interest rates unchanged in the range of 5.25%-5.50%. The USD/CHF is stuck in a tight range near the round-level resistance of 0.8800 since Friday’s trading session. The Swiss Franc asset struggles to find a direction as investors await the United States core...

EUR/CHF up over 3% from December’s lows. ECB President Lagarde looks ahead to growth rebound. Swiss Franc is broadly weaker across the majors market. EUR/CHF knocked into fresh multi-month highs on Monday as the pair steps into a ten-week peak above 0.9550. The Swiss Franc (CHF) has depreciated notably against the majority of its major currency peers in 2024, and is down 2.88% YTD against the Euro (EUR). European Central Bank (ECB) President Christine Lagarde hit...

Die Sichtguthaben bei der SNB steigen gegenüber der Vorwoche um 3,4 Milliarden Franken. Die Einlagen von Bund und Banken lagen am 23. Februar bei 480,5 Milliarden Franken nach 477,1 Milliarden in der Woche davor, wie die SNB am Montag mitteilte. Das ist ein Anstieg um 3,4 Milliarden Franken. Auf die Giroguthaben inländischer Banken entfielen Ende letzter Woche 471,4 Milliarden Franken. Das Total der Sichtguthaben bei der Nationalbank umfasst als grössten Posten die...

Die Sonderkommission des Schweizer Parlaments zur Untersuchung des Credit-Suisse-Debakels geht gegen Indiskretionen vor. Die Sonderkommission des Schweizer Parlaments zur Untersuchung des Credit-Suisse-Debakels geht gegen Indiskretionen vor. In den vergangenen zwei Wochen seien wiederholt Medienberichte über mutmassliche Inhalte vereinzelter Anhörungen erschienen, wie die Parlamentarischen Untersuchungskommission (PUK) am Freitag mitteilte. Als Reaktion habe der...

Here is what you need to know on Wednesday, February 14: The US Dollar Index consolidates it’s gains early Wednesday after rising 0.7% to a fresh three-month high near 105.00 on Tuesday. Eurostat will release fourth-quarter Gross Domestic Product (GDP) data in the European session and there won’t be any high-tier data releases from the US later in the day. Several Federal Reserve (Fed) policymakers, including Chicago Fed President Austan Goolsbee and Atlanta Fed...

Gold price hits a fresh two-month low amid bets that the Fed will keep rates higher for longer. The expectations were reaffirmed by the stronger-than-expected US CPI released on Tuesday. A softer risk tone lends support to the safe-haven XAU/USD and helps limit any further losses. Gold price (XAU/USD) extends its sideways consolidative price move and remains depressed below the $2,000 psychological mark, or a two-month low heading into the European session on Monday....

Share: The Swiss Franc is testing further high ground against the US Dollar on Thursday. Risk appetite is cranking up after US inflation data tips lower. US Dollar declines across the board ahead of the holiday market wrap. The USD/CHF slipped through the 0.8600 handle on Thursday as broader markets push over the US Dollar (USD), bolstering...