Category: Swiss
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Bitcoin isn’t a worthy reserve asset, Swiss central bank president says: Report
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It is said that the President of the Swiss National Bank (SNB) Martin Sheliel does not want to make Bitcoin backup assets in Switzerland – noting instability and concerns related to liquidity and security risks. Sildel’s position opposes a suggestion from Swiss Bitcoin Think Tank 2B4CH and other Bitcoin defenders…
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Hottest ERC-20 Meme Coins to Buy after Top Swiss Bank Begins Blockchain Tests
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Evidence of encryption is not slowing – it is an acceleration. UBS, the largest bank in Switzerland, has started testing Blockchain digital gold -based gold investments using ZKSYNC, which is the Ethereum Layer 2 solution. This is another major institution that moves to encryption. And UBS is not alone. Tether…
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Bitcoin In Swiss Reserves? Proposal Filed By Swiss Chancellery
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A group of cryptocurrency advocates in Switzerland has urged the government to consider adding bitcoin to the national reserve. The Swiss Federal Chancellery has begun the process of obtaining the required number of signatures to push for an amendment to the country’s constitution to allow the Swiss National Bank Build…
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ECB, Swiss set to cut, but by how much?
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A look at the day ahead in European and global markets from Kevin Buckland The big two weeks for global central banks come with policy decisions from two of the biggest banks on Thursday: the European Central Bank and the Swiss National Bank. Interest rate cuts by both are not…
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Swiss National Bank Cuts Interest Rate to 1.00%
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The Swiss National Bank (SNB) announced a 25 basis point interest rate cut on Thursday 26 September 2024, to 1.00% as was widely expected. This marks the third consecutive interest rate cut by the central bank, which also indicated that further cuts may be necessary in the coming quarters to…
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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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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Swiss regulator investigating Credit Suisse’s final months, report says By Reuters
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ZURICH (Reuters) – Switzerland’s financial market regulator has ordered an audit into Credit Suisse’s handling of the events that led to its collapse in 2023, when it was taken over by old rival UBS, the SonntagsZeitung newspaper reported on Sunday. According to the newspaper, the Swiss Financial Market Supervisory Authority…
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Swiss Franc’s strength may prompt SNB to ease monetary policy By Investing.com
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The Swiss National Bank may engage in a prolonged monetary easing cycle due to an unexpected slowdown in inflation in Switzerland and a strong Swiss franc, according to a report by Gavekal Research. Inflation in Switzerland fell to 1.1% year-on-year in August, down from 1.3% in July and below the…
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Swiss Franc’s strength may prompt SNB to ease monetary policy By Investing.com
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The Swiss National Bank may engage in a prolonged monetary easing cycle due to an unexpected slowdown in inflation in Switzerland and a strong Swiss franc, according to a report by Gavekal Research. Inflation in Switzerland fell to 1.1% year-on-year in August, down from 1.3% in July and below the…
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Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI
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Monday:US & Canada Final Manufacturing PMI (Labor Day), Eastern Europe & UK Final Manufacturing PMI (August), China Caixin Final Manufacturing PMI (August) Tuesday: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug) Get married: Bank of Canada and National Bank of…
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Swiss finance minister chides US, Europe over ‘time bomb’ debt levels By Reuters
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ZURICH (Reuters) – Debt levels in the United States and Europe pose a risk to international financial stability and to Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with the Swiss daily Blick, Keller-Sutter praised Switzerland’s “disciplined” finances, which she said…
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Norwegian And Swiss Central Banks Invest Heavily In MicroStrategy
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In a surprise move, the central banks of Norway and Switzerland have emerged as significant shareholders in MicroStrategy, a Virginia-based business intelligence firm. The development has sparked speculation about the underlying motivations behind these major financial institutions’ investments, with several analysts suggesting it could be an indirect play on the…
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Norwegian And Swiss Central Banks Invest Heavily In MicroStrategy
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In a surprise move, the central banks of Norway and Switzerland have emerged as significant shareholders in MicroStrategy, a Virginia-based business intelligence firm. The development has sparked speculation about the underlying motivations behind these major financial institutions’ investments, with several analysts suggesting it could be an indirect play on the…
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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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Swiss inflation highlights the agenda in European trading today
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Major currencies remain stable so far today, with little change overall. Even USD/JPY is only seeing a range of around 100 pips, currently holding near 149.40. The pair continues to see choppy volatility in the past few sessions, particularly as US 10-year yields dip below 4%. But the bigger story…
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Swiss financial watchdog FINMA rolls out guidance for stablecoin issuers
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Swiss regulator FINMA has published guidance for issuers of stablecoins, urging them to verify the identity of all persons holding digital tokens linked to fiat currencies. The Swiss Financial Market Supervisory Authority (FinMarket Supervisory Authority) has published new guidance on the risks and challenges associated with stablecoins for issuers and…