Switzerland Retains Fitch’s AAA Rating27 July 2020
Fitch 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 Highs17 July 2020
The 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 2020
Swiss 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 2020
For 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.