Switzerland Retains Fitch’s AAA Rating
July 27, 2020Fitch has not changed Switzerland rating, keeping it the highest AAA, even though the COVID-19 pandemic has significant influence on Swiss economy. In other news, Switzerland could be named a currency manipulator by US.
Read More
EUR Exchange Rate On a Track to Four-Month Highs
July 17, 2020The euro exchange rate was well on a track for four-month high on Friday as investors hopes a European Union summit will deliver decisions on recovery fund.
Read More
Swiss National Bank Claims Currency Interventions are “Essential”
July 15, 2020Swiss National Bank has stated its interventions on the currency market are essential in a reply to US that put Switzerland on a watchlist for allegedly manipulating the Swiss franc exchange rate.
Read More
FED’s Repo Drops to Zero For First Time Since Sept.
July 10, 2020For the first time since September repo of US Federal Reserve dropped to zero, while its balance sheet went below $7 trillion in biggest weekly drop in 11 years.
Read More
EUR Exchange Rate Hits Two-Week High
July 06, 2020On Monday the euro exchange rate hit the highest level in a two-week time, by rising 0.5% versus dollar.
Read More