|Day's Range||1.014 - 1.014|
|52 Week Range||0.9542 - 1.0155|
The yen hovered near its lowest level this year on Monday as more signs of stabilisation in the Chinese economy and an upbeat start to the U.S. earnings season prompted investors to abandon the safe-haven currency to seek higher returns elsewhere. The safe-haven Swiss franc has also eased against the euro, which strengthened to 1.1340 franc, recovering its losses made late last month to hit a three-week high on the franc. Chinese data published on Friday showed exports rebounded sharply and new bank loans increased far more than expected in March.
Emerging-market currencies on Monday kick off the weak on the back foot, with the Turkish lira dragging major EM currencies lower on Monday.
The dollar started the year under pressure because investors thought the Fed would turn a little a dovish, while the rest of the major central banks would continue on a path toward higher interest rates. However, as the global economy began to weaken, the major central banks turned dovish.
The Swiss National Bank remains committed to its expansive monetary policy to tackle the "highly-valued" Swiss, governing board member Andrea Maechler said on Thursday, as the safe-haven currency hit its highest value against the euro in 20 months. The euro fell to 1.1170 against the franc on Wednesday, its weakest level since July 2017, driven by risk aversion by investors and doubts about a slowing global economy. The development gives the SNB no reason to change its policy of negative interest rates or scrap currency interventions, which some analysts expect could be restarted to weaken the franc.
Sterling recovers while Euro touches two-week high amidst uncertain Brexit. Major Currencies benefitted from the Greenback slump. Oil prices jump underpinned by latest OPEC news.
Moody's Investors Service ("Moody's") today assigned a long-term foreign currency senior unsecured debt rating of A3 to Banco Mercantil del Norte, S.A.'s (Banorte) CHF250 million fixed-rate senior unsecured notes. The notes will be issued through Banorte's Cayman Islands branch, Banco Mercantil del Norte, S.A.(Cayman I) (Banorte Cayman) and will mature in 11 October 2022.
Moody's Investors Service (Moody's) has assigned an A2 rating to the Fondo Financiero para el Desarrollo de la Cuenca del Plata (FONPLATA) proposed senior unsecured notes due March 11 2024. The total issuance amount of FONPLATA's notes will be CHF 150 million. Moody's credit view of FONPLATA balances the institution's strong capital adequacy and liquidity metrics with the expectation that those metrics will slowly decline over the medium term as FONPLATA takes on additional leverage to fund its growing portfolio.
Switzerland's central bank launched a new 1,000 Swiss franc (759.4 pounds) note on Tuesday, saying one of the world's most valuable banknotes catered to the popularity of cash in Swiss culture and was not a help for criminals. The Swiss National Bank's announcement of the new lilac-coloured note, available from March 13, comes as other central banks move away from large notes because of concerns about their use by criminals and money launderers. "The choice of the denomination is a matter for the SNB, but the current denominations are appropriate and correspond to what people want," Vice Chairman Fritz Zurbruegg told a news conference.
U.S. dollar pared an early loss after fourth-quarter economic growth turned out to be stronger than expected. Havens like the Swiss franc and Japanese yen, meanwhile, retraced the gains logged amid risk-off impulses from the U.S.-North Korea summit in Vietnam. U.S. gross domestic product slowed to 2.6% between October and December, compared with 3.4% in the third quarter but the expansion, nevertheless, beat consensus estimates of 1.9% and may have alleviated investor worries about a more sluggish U.S. data.
Investing.com - The U.S. dollar received a boost on Thursday after data showed that the American economy registered its strongest annual growth in 12 years, but geopolitical concerns held the greenback in check, dropping back towards the unchanged mark.
The Swiss franc rallied by half a percent against the dollar on Thursday as weak Chinese factory data and lack of progress at U.S.-China trade talks encouraged traders to take profits. "The weak Chinese PMI data and concerns about the progress of U.S.-China trade talks are weighing on risk appetite, and that is pushing the franc higher," said Esther Maria Reichelt, an FX strategist at Commerzbank. Factory activity in China reached a three-year low in February as export orders fell at the fastest pace since the global financial crisis, more evidence of an economy facing weak demand at home and abroad.
The safe-haven Swiss franc and the yen gained slightly on Thursday after the United States and North Korea failed to reach an agreement on denuclearisation of the Korean peninsula after two days of meetings. The Swiss franc rose 0.3 percent against the dollar and the euro to 0.9979 per dollar and 1.1350 per euro. U.S. President Donald Trump said on Thursday his summit with North Korean leader Kim Jong Un did not reach an agreement due to North Korean demands to lift punishing U.S.-led sanctions.
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Moody's Investors Service has assigned an Aa2 rating to the proposed senior unsecured Swiss Franc (CHF) notes to be issued by Korea Western Power Co., Ltd. (KOWEPO, Aa2 stable). The notes will be issued under KOWEPO's existing USD2.0 billion global medium term note (MTN) program, which is rated (P)Aa2. KOWEPO plans to use the proceeds for the financing or refinancing of its investments in renewable energy, pollution prevention and control, energy efficiency, socio economic advancement and empowerment, and small-medium enterprise financing.
ZURICH (Reuters) - Swiss Re (SRENH.S) has completed its 1 billion Swiss franc (771.71 million pounds) share buyback, the reinsurer said on Monday, finishing a programme launched last year. The Zurich-based ...
The U.S. dollar spends Tuesday’s session in negative territory, snapping an eight-day winning streak as investors turn their attention to details in the U.S.-China trade spat.
The Swiss franc suffers a sudden drop across the board during Monday’s Asian trading session, seemingly out of nowhere. Here’s what happened.
The U.S. dollar adds to its recent winning streak, strengthening against rivals across the board, despite the chance of the renewed partial government shutdown looming in the background.
The Swiss Franc collapsed like a house of cards as markets opened on Monday, falling by nearly 1 percent against the Dollar in mere minutes before recovering all its losses almost instantly
The dollar rose on Monday as concerns grew that U.S.-China talks would not heal a rift over trade between the world's largest economies and the Swiss franc slid in a mini "flash-crash". A Japanese public holiday meant that markets were quiet and thin liquidity helped cause a mini recurrence of the "flash crash" that hit foreign exchange markets early last month. The move was similar to the whiplash that saw the yen jump 7 percent against the Australian dollar early on Jan. 3, when Japanese markets were nearing the end of a week-long New Year holiday break.