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Swiss Franc Weakens Versus Euro as Jordan Names SNB Presi |
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Written by David Goodman and Klaus Wille at Bloomberg.com
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Wednesday, 18 April 2012 14:32 |
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The Swiss franc fell as the government named interim chairman Thomas Jordan the full-time head of the Swiss National Bank, ending concern a new leader would ease the policy of limiting the currency’s strength.
The franc declined the most in a week against the euro after Jordan was formally appointed president at a government meeting today in Bern. The SNB imposed a cap of 1.20 francs per euro in September to protect exporters as investors sought the currency as a haven from Europe’s debt crisis.
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Last Updated on Wednesday, 18 April 2012 08:34 |
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Swiss Franc Declines Versus High-Yielding Peers as Risk Appetite Improves |
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Written by David Goodman of Bloomberg.com
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Friday, 16 December 2011 09:35 |
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The Swiss franc weakened against higher-yielding currencies as optimism the U.S. recovery is gaining strength damped demand for haven assets.
Switzerland’s currency depreciated against 12 of 16 major peers tracked by Bloomberg, falling most against the New Zealand dollar and the South African rand. The franc climbed to the strongest level in six weeks against the euro yesterday after the Swiss National Bank held the currency’s trading cap at 1.20 per euro. Swiss growth will almost stagnate next year, the KOF Institute said today.
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Last Updated on Friday, 16 December 2011 02:37 |
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Franc Weakens to One-Month Low Against Euro Amid Negative-Rate Speculation |
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Written by David Goodman of Bloomberg.com
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Wednesday, 07 December 2011 08:49 |
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The Swiss franc reached a one-month low against the euro after a lawmaker said a government panel is considering using negative interest rates to combat the currency’s appreciation.
The franc declined versus 14 of its 16 major counterparts after Finance Minister Eveline Widmer-Schlumpf said negative interest rates and capital controls “are issues which are being examined” by a committee looking at ways to counter the currency’s strength. The statement added to speculation the Swiss National Bank will adjust the franc’s cap at 1.20 per euro at its policy meeting on Dec. 15.
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Last Updated on Wednesday, 07 December 2011 01:51 |
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Swiss Pledge Unlimited Currency Purchases |
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Written by Klaus Wille of Bloomberg
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Tuesday, 06 September 2011 12:44 |
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The Swiss National Bank is “aiming for a substantial and sustained weakening of the franc,” the Zurich-based bank said in an e-mailed statement today.
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Last Updated on Tuesday, 06 September 2011 06:47 |
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Swiss Franc Heads for Record Weekly Gain Versus Euro on U.S. Jobs Concern |
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Written by Ed Ballard of Bloomberg.com
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Friday, 02 September 2011 09:00 |
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The franc was bound for a record weekly gain against the euro before data economists say will show job growth in the U.S. slowed last month, spurring demand for the perceived safety of the Swiss currency.
The franc strengthened against all 16 major peers tracked by Bloomberg for a third day as stocks slumped. A Labor Department report may show U.S. job growth decelerated in August, with non-farm payrolls climbing 68,000 last month, from a 117,000 increase in July, according to the median estimate of 86 economists surveyed by Bloomberg.
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Last Updated on Friday, 02 September 2011 03:12 |
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Currencies 
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