Currencies round up – Euro falls, Yuan rallies and Dollar is steady04 July 2018
The euro fell on Wednesday even though business activity data was better than market had expected. The Chinese Yuan was growing sharply after the central bank intervention. Whereas the US Dollar exchange rate was steady against the six major currencies ahead of the Independence Day.
Mario Draghi announced the end of the quantitative easing program15 June 2018
The ECB announced on during their session in Riga that they plan to slowly end their large-scale asset purchase program. At the same time the FED is already a few steps ahead and slowly raising the Interest rates in the US.
Euro rises as investors hope on ECB to wind down its stimulus policy11 June 2018
The Euro rose on Monday as investors look with hope to Thursday’s policy meeting of the European Central Bank. There is speculation that the ECB will announce unwind of its bond-buying program. The common currency was left unimpressed by the divisive G7 summit in Canada.
New data on Swiss wealth management / wages in Switzerland15 May 2018
New data published on wealth management shows that Switzerland is still a worldwide leader but is followed closely by competitors in likes of the United Kingdom and the United States. The survey done by Swiss government gave, on the other hand, an insight into Swiss wages as of recent years.
What is the sovereign money initiative that Swiss will vote on in June?07 May 2018
Group of economist, entrepreneurs and financial specialists have launched an initiative called “For crisis-proof money: only the National Bank to issue currency! (Sovereign money initiative).” The idea is to achieve better security of the country’s finances. The people’s initiative will be voted on June 10th.