Swiss Francs
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Liechtenstein to Adopt, Accept Bitcoin for Select Government Services: Here’s What We Know
Liechtenstein will soon accept Bitcoin as a mode of payment for select services. The move is expected to avoid exchange-rate risks by accepting Bitcoin deposits and immediately converting them for the country’s native fiat currency, the Swiss franc. The development has been confirmed by Daniel Risch, who serves as both the Prime Minister as well ...
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Markets Have More to Worry About Than Tariffs
A litany of market risks lead financial commentary. Plus, Bitcoin’s blast-off, a sagging Swiss franc and more.
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Options Markets Suggest Swiss Franc ‘Flash Crash’ Is a One-Off
Traders didn’t rule out possibility of an incorrectly entered trade causing a flurry of algorithm-related orders to be triggered.
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JPMorgan Maps Out Currencies to Buy If Recession Is Coming
If a global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen.
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Setting the Swiss Franc Free Wasn’t That Bad After All
The 2015 decision to free the Swiss franc left less of an economic crater than previously feared.
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Bond Yields Sink As Central Banks Head For Easier Policy
The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years.
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Swiss Central Bank Keeps Powder Dry On Rates Ahead Of Brexit Vote
Switzerland's central bank held fire on tinkering with record-low negative interest rates on Thursday, keeping its powder dry should a British vote next week to leave the European Union spark a flood into the Swiss franc.
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Euro Slips After Paris Attacks as Yen, Swiss Franc Sought
The euro hit a six-and-a-half--month low against the yen and was pinned down near 7-month troughs against the dollar on Monday after the deadly attacks in Paris led to a bout of global risk aversion and kept investors cautious on the common currency.
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'Blue Moon' Diamond Fetches Record $43 Million at Geneva Auction: Sotheby's
A vivid 12.03-carat diamond dubbed "Blue Moon" was sold in Geneva for a record 43.2 million Swiss francs ($43 million, 40 million euros) on Wednesday, auction house Sotheby's said.
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China to Allow Direct Trade of Yuan With Swiss Franc
China's national foreign exchange market will introduce direct trading of the Swiss franc, the operator said today, as the country pushes greater international use of its yuan currency.
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Spent $27 Billion to Defend Franc Before Dropping Peg: SNB
The Swiss National Bank (SNB) spent 25.8 billion Swiss francs ($26.91 billion) defending the currency late last year before abandoning its peg as too costly for the country's economy, it said on Thursday.
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Commentary: Francs, Fear and Folly
On Thursday the Swiss National Bank, the equivalent of the Federal Reserve, shocked the financial world with a double whammy, simultaneously abandoning its policy of pegging the Swiss franc to the euro and cutting the interest rate it pays on bank reserves to minus, that's right, minus 0.75 percent.
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After Central Bank Shock, 'Swiss Made' May Mean More Expensive
"Swiss Made" has traditionally stood for quality, precision and reliability. But after a shock move to scrap the cap on the franc, it could convey a less attractive message: Made more expensive.
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Swiss Central Bank Shocks Markets With Currency 'Tsunami'
The Swiss National Bank (SNB) shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the safe-haven currency soaring through the 1.20 per euro limit and stoking fears about the export-reliant Swiss economy.
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Asian stocks pressured, yen, Swiss franc rise on Ukraine anxiety
Ukraine mobilised for war on Sunday and Washington threatened to isolate Russia economically, after President Vladimir Putin declared he had the right to invade his neighbour, in the biggest confrontation between Russia and the West since the Cold War.
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Liechtenstein to Adopt, Accept Bitcoin for Select Government Services: Here’s What We Know
Liechtenstein will soon accept Bitcoin as a mode of payment for select services. The move is expected to avoid exchange-rate risks by accepting Bitcoin deposits and immediately converting them for the country’s native fiat currency, the Swiss franc. The development has been confirmed by Daniel Risch, who serves as both the Prime Minister as well ...
-
Markets Have More to Worry About Than Tariffs
A litany of market risks lead financial commentary. Plus, Bitcoin’s blast-off, a sagging Swiss franc and more.
-
Options Markets Suggest Swiss Franc ‘Flash Crash’ Is a One-Off
Traders didn’t rule out possibility of an incorrectly entered trade causing a flurry of algorithm-related orders to be triggered.
-
JPMorgan Maps Out Currencies to Buy If Recession Is Coming
If a global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen.
-
Setting the Swiss Franc Free Wasn’t That Bad After All
The 2015 decision to free the Swiss franc left less of an economic crater than previously feared.
-
Bond Yields Sink As Central Banks Head For Easier Policy
The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years.
-
Swiss Central Bank Keeps Powder Dry On Rates Ahead Of Brexit Vote
Switzerland's central bank held fire on tinkering with record-low negative interest rates on Thursday, keeping its powder dry should a British vote next week to leave the European Union spark a flood into the Swiss franc.
-
Euro Slips After Paris Attacks as Yen, Swiss Franc Sought
The euro hit a six-and-a-half--month low against the yen and was pinned down near 7-month troughs against the dollar on Monday after the deadly attacks in Paris led to a bout of global risk aversion and kept investors cautious on the common currency.
-
'Blue Moon' Diamond Fetches Record $43 Million at Geneva Auction: Sotheby's
A vivid 12.03-carat diamond dubbed "Blue Moon" was sold in Geneva for a record 43.2 million Swiss francs ($43 million, 40 million euros) on Wednesday, auction house Sotheby's said.
-
China to Allow Direct Trade of Yuan With Swiss Franc
China's national foreign exchange market will introduce direct trading of the Swiss franc, the operator said today, as the country pushes greater international use of its yuan currency.
-
Spent $27 Billion to Defend Franc Before Dropping Peg: SNB
The Swiss National Bank (SNB) spent 25.8 billion Swiss francs ($26.91 billion) defending the currency late last year before abandoning its peg as too costly for the country's economy, it said on Thursday.
-
Commentary: Francs, Fear and Folly
On Thursday the Swiss National Bank, the equivalent of the Federal Reserve, shocked the financial world with a double whammy, simultaneously abandoning its policy of pegging the Swiss franc to the euro and cutting the interest rate it pays on bank reserves to minus, that's right, minus 0.75 percent.
-
After Central Bank Shock, 'Swiss Made' May Mean More Expensive
"Swiss Made" has traditionally stood for quality, precision and reliability. But after a shock move to scrap the cap on the franc, it could convey a less attractive message: Made more expensive.
-
Swiss Central Bank Shocks Markets With Currency 'Tsunami'
The Swiss National Bank (SNB) shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the safe-haven currency soaring through the 1.20 per euro limit and stoking fears about the export-reliant Swiss economy.
-
Asian stocks pressured, yen, Swiss franc rise on Ukraine anxiety
Ukraine mobilised for war on Sunday and Washington threatened to isolate Russia economically, after President Vladimir Putin declared he had the right to invade his neighbour, in the biggest confrontation between Russia and the West since the Cold War.
