Swissie
SNB Forgets To Jaw-Bone Swiss Franc Lower!
Wednesday, August 31st, 2011The financial markets can sometimes be described as creatures of habit so when the market is expecting some type of action and it doesn’t occur, it can lead to a snap-back. This appears to be taking place with the Swiss franc (CHF) today, as so far every Wendesday this month, teh Swiss National Bank (SNB) [...]
All Talk, No Action From SNB!
Wednesday, August 17th, 2011Earlier this morning, the markets were left somewhat disappointed in the lack of action taken by the Swiss National Bank (SNB) with regard to how they are going to manage their currency. Recent statements about a possible peg to the Euro or the setting of a target rate for the franc went unfulfilled as the [...]
SNB Surprise Rate Cut!
Wednesday, August 3rd, 2011The Swiss National Bank (SNB), tired of recent Swiss franc strength dut to safe-haven demand popped a surprise rate cut on the markets in an attempt to weaken the franc as discourage speculators from buying. This is essentially a “warning shot”, trying to send the message that the SNB will intervene further if necessary. It [...]