The SNB reduced the group of sight deposit account holders that are exempt from negative interest rates in an attempt to increase to effectiveness of the negative interest rate policy as a meaningful disincentive to hold…
The SNB reduced the group of sight deposit account holders that are exempt from negative interest rates in an attempt to increase to effectiveness of the negative interest rate policy as a meaningful disincentive to hold Swiss deposits.
The CHF depreciated around 1% vis-à-vis the EUR and the USD but EURCHF is still trading at levels below the SNB's comfort zone, in our view.
"We expect today's announcement to add downward pressure on overnight rates and to keep the CHF under pressure, at least in the near term. We re-iterate our view that further measures in the form of FX interventions and further interest rate cuts may be used under a scenario of a sustained CHF rally." said Barclays
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
