NEWS
Switzerland Retains Fitch’s AAA Rating
27 July 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.
EUR Exchange Rate On a Track to Four-Month Highs
17 July 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.
Swiss National Bank Claims Currency Interventions are “Essential”
15 July 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.
FED’s Repo Drops to Zero For First Time Since Sept.
10 July 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.
EUR Exchange Rate Hits Two-Week High
06 July 2020On Monday the euro exchange rate hit the highest level in a two-week time, by rising 0.5% versus dollar.