Tag Archives: Featured

Despite the CNY’s recent fall, we believe the People’s Bank of China will refrain from competitive devaluation Following US President Donald Trump’s announcement of a new 10% tariff on USD300 billion of Chinese goods, the Chinese renminbi (rmb) weakened sharply and breached CNY7.00 per USD. The recent rmb move, in our view, represents a major shift in the People’s Bank of China’s (PBoC) currency policy, reflecting the...

Swiss Franc The Euro has risen by 0.27% to 1.0948 EUR/CHF and USD/CHF, August 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The challenges for investors have not gone away, but a combination of factors has helped stabilize the capital markets. The PBOC set the dollar’s reference rate above CNY7.0, but not as high as anticipated, and this has seen the yuan...

The world’s two great powers are at loggerheads. Chinese nationalism meet your sister, US nationalism. Import substitution strategy of Made in China 2025 meet your cousin Make America Great Again. Paradoxically, or dialectically, the similarities are producing divergent interests that extend well beyond economics and trade policy. Consider that the intermediate-range nuclear missile treaty between the US and Russia did...

Swissmetal has a long history beginning in the second half of the 19th century. But the company came under growing pressure in the 1980s as a result of international competition. The cash-strapped Baoshida Swissmetal company has been taken over by a group of Swiss investors six years after it was sold to a Chinese group. The newly-founded Swissmetal Industries, backed by two private investors, said it had acquired the...

Befuddled and blind, we wander toward the cliff without even seeing it, focusing on our little screens of entertainment and self-absorption. There are no physical barriers in the Gulag of the Mind–we imprison ourselves, and love our servitude. Indeed, we fear the world outside our internalized gulag, because we’ve absorbed the narrative that the gulag is secure and permanent. We’ve also absorbed the understanding that...

Quizfrage: Was kurbelt den Schweizer Tourismus mehr an? Der Kauf von Hanf-Aktien in den USA für 80 Millionen Franken oder der Bau der Stoosbahn für 80 Millionen Franken? Welches ist Ihre Antwort, verehrte Leserin, verehrter Leser? Meine Antwort ist schon jetzt klar: Der Bau der neuen Stoosbahn ist ungleich viel effizienter, um den Schweizer Tourismus anzukurbeln. Warum? Gerne begründe ich das. Der Stoos ist eine...

Swiss Franc The Euro has fallen by 0.14% to 1.0918 EUR/CHF and USD/CHF, August 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: While investors keep a watchful eye on the dollar fix in China (a little firmer than projected) and tensions with the US, two other developments compete for attention. The Reserve Bank of New Zealand and the central banks of India and...

Sterling slides against the Swiss Franc as Brexit and the global economic outlook weigh on the Pound The pound to Swiss franc exchange rate has fallen lower below 1.20 for the GBP vs CHF pair with interbank rates currently sitting at 1.189. The slide in the pound against the Swiss franc has presented those looking to sell Swiss francs with an opportunity to convert when compared to recent months. Brexit is one factor...

The Swiss franc has started to appreciate in value against other currencies, including the euro, once again. One knock-on effect of the escalating trade war between the United States and China is that the Swiss franc is becoming more attractive for investors – putting pressure on the Swiss National Bank (SNB) to come to the defence of the safe haven currency. For much of July a euro bought at least CHF1.10. But the...

Policies relating to sound money have been the subject of substantial debate at the state level this year, with bills, hearings, and/or votes taking place in nearly a dozen legislatures. As most state legislatures have now wrapped up their work for the year, let’s review the victories (both offensive and defensive)—and lone defeat—for sound money during the 2019 session. The Sound Money Defense League’s primary goal is...