Exchange rates ahead of FED’s statement
June 18, 2019FED has started on Tuesday 18th June its two-day meeting that will end with a statement on economic forecasts. Investors highly anticipate the statement, and this had influence on currencies’ exchange rates on Tuesday and Wednesday.
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SNB dumps LIBOR, sticks with its loose monetary policy
June 14, 2019The Swiss National Bank announced its plan to scratch LIBOR and introduced the new policy rate. At the same time, it pledges to keep the ultra-loose monetary policy, even though it acknowledges that the Swiss franc is “highly valued”. The reaction on markets was further strengthening of CHF exchange rate.
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CHF EUR rate hits the lowest level in almost 2 years
June 03, 2019First Monday of June saw the Swiss franc hitting the highest levels against the euro in almost two years, as investors were keen to buy Swiss francs as a safe-haven asset. Ongoing tension in China and US relations and Trump’s harsh trade position to other countries, including Mexico that is subject to new tariffs, prompt unsteady situation on both stock and currencies markets.
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EUR up against GBP as May resigns
May 31, 2019At the end of May the British Pound is well on course to record the worst monthly losses against the euro in two years. It is all due to the ongoing Brexit turmoil, that now has claimed the British prime Minister’s, Theresa May, position. As May resigns and there is launched a political battle on who will replace her, GBP’s exchange rate suffers deeply.
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Swiss private banks deny cross-border workers
May 23, 2019Private banks in Geneva apparently have a secret rule that their employees shouldn’t be cross-border workers: living in France and working in Switzerland. Even though in the city there are more than 80,000 cross-border workers, the Genevan private banks discourage employees to follow this path. What’s the issue?
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