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Research Results

Results for 'SNB'

2 articles with this tag name

Greek Pin Action: Will GBP Take on CHF’s Safe Haven Mantle?

Updated -  Jun 29, 2015 10:55:00 AM


As Greece’s debt negotiations deteriorated this weekend, traders piled in to buy the “safe-haven” Swiss franc. In turn, the rapid appreciation in the value of the franc prompted the Swiss National Bank (SNB) to intervene in the FX market to stabilize the gains in its currency. In explaining the move, SNB Chairman Thomas Jordan stated, "We have always said that we are active in the foreign exchange market if necessary…[a] situation like we experienced over  [...] Continue Reading


August ECB Rate Decision—Thursday, August 4, 2011

Updated -  Aug 3, 2011 3:00:00 PM


Research Note: Aug. ECB Rate Decision Summary Outlook: On Thursday August 4 at 0745EDT/1145GMT, the ECB is expected to announce a steady 1.50% interest rate decision, according to Bloomberg surveys. The main event will be the 0830EDT/1230GMT press briefing by ECB Pres. Trichet. We expect him to indicate that there will be no further rate hike at the September ECB meeting, likely using the ‘closely monitor all developments’ phrasing. July Eurozone CPI dropped from 2.7%  [...] Continue Reading

Tags: AUD, AUD/JPY, CHF, ECB, EUR, NZD, SNB

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