Swiss Economicblogs.org
On 24 July 2017, the Swiss franc was 1.101 to the euro. One week later on 31 July 2017 it was 1.145, according to Bloomberg. Over the month it dropped from 1.095 to 1.145, a drop Reuters described as the biggest monthly drop in six years. © Wirojsid | Dreamstime The Swiss National Bank (SNB) has been working hard to bring down the value of the Swiss franc. Speaking to the newspaper Le Temps last week, SNB president Thomas Jordan described the currency as “significantly overvalued”. But why...
Read More »Swiss franc slides 4 percent in one week
On 24 July 2017, the Swiss franc was 1.101 to the euro. One week later on 31 July 2017 it was 1.145, according to Bloomberg. Over the month it dropped from 1.095 to 1.145, a drop Reuters described as the biggest monthly drop in six years. © Wirojsid | Dreamstime The Swiss National Bank (SNB) has been working hard to bring down the value of the Swiss franc. Speaking to the newspaper Le Temps last week, SNB president Thomas Jordan described the currency as “significantly overvalued”. But why...
Read More »Franc surge temporary after ECB sends mixed signals
Investec Switzerland. The SMI is set to finish flat this week (-0.12%), outperforming global equity market (MSCI World -0.68% ) with European stocks losing value after the long awaited ECB policy meeting. Stock markets around the world were mixed with risk appetite increasing ahead of Thursday’s European Central Bank (ECB) policy meeting and falling thereafter. The ECB lowered all its main interest rates and expanded its quantitative-easing purchase plan quantity (by €20...
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