Category: Franc
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Dollar down in choppy trading after data; Swiss franc gains following rate cut By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell in volatile trading on Thursday after a slew of U.S. data pointed to a relatively strong economy, while the Swiss franc rose after the country’s central bank cut interest rates by 25 basis points. The US dollar began to pare…
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BofA expects renewed Swiss franc weakness amid SNB action By Investing.com
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Bank of America Securities analysts highlighted the Swiss National Bank’s recent intervention in foreign exchange markets, which was aimed at weakening the Swiss franc amid significant market turmoil. Bank of America expects further depreciation of the Swiss franc, as the real effective exchange rate has largely recovered from its decline…
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Swiss franc hits highest vs euro since 2015 amid volatile markets By Reuters
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ZURICH (Reuters) – The Swiss franc rose to its highest level against the euro in nearly a decade on Monday, as heavy losses in stock markets, concerns about U.S. and global growth and tensions in the Middle East lured investors to the safe-haven currency. The franc has risen about 3.5%…
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Dollar slumps on recession fears; yen, Swiss franc benefit By Investing.com
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Investing.com – The U.S. dollar fell sharply on Monday amid concerns over U.S. economic growth, with strong demand for the safe-haven Swiss franc and Japanese yen. At 08:45 ET (12:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.9% at 102.100,…
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UBS sees Swiss franc on backfoot, predicts Fed rate cuts By Investing.com
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UBS has released a report analyzing the impact of the unexpected interest rate cut by the Swiss National Bank (SNB) in March on currency markets. The SNB’s early action, before other major central banks, sparked a wave of carry trades, leading to a significant weakness in the value of the…
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UBS shifts stance on Swiss franc, now sees it as neutral By Investing.com
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UBS revised its outlook on the Swiss franc, adjusting the currency’s position from “least favourable” to “neutral”. This reassessment comes amid expectations that the US dollar will maintain its strength, with the possibility of intermittent increases in value. However, UBS does not expect a sharp rise or significant decline in…