Swiss Franc

"sea Of Red" For Global Markets As Traders Brace For Recession Amid Global Trade War

Global stocks continued to slide and investors sought the safety of government bonds, the yen, the Swiss franc and gold on the first trading day of June as rising trade tensions sparked fears of an upcoming recession (which according to Morgan...
Related topics: Yen, Gold, Morgan Stanley

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One Of The World’s Most Valuable Banknotes Is Getting A Fresh New Look

Money launderers, numismatists, and European doomsday preppers rejoice: Even as the rest of the world marches relentlessly toward a cashless future, the Swiss 1,000-franc note is here to stay. In fact, according to a press release issued by the...

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Swiss Franc Flash Crashes

One month after various Yen, Lira and Pound cross flash-crashed in the aftermath of Apple's shocking guidance cut, moments ago the Swiss franc was the latest currency to flash crash when the haven currency sold off sharply against dollar and yen and...
Related topics: Yen, Apple (AAPL)

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Swiss Govt Offers Reward For Hacking Its Electronic Vote System

The Swiss government has issued a 150,000 Swiss franc (US$149,790) challenge to online hackers; break into our new generation electronic voting system and we'll reward you.
Related topics: Hackers

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Swiss National Bank Loses Money Because It Is Not Entirely Invested In Swiss Currency

Apple stock’s got nothing on the franc.
Related topics: Banking, Apple (AAPL)

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More Italians Move Savings To Switzerland As Fears Of Banking "doom Loop" Intensify

With the euro weakening against the Swiss franc (recently trading at session lows of 1.14) and Italian stocks and bonds tumbling once again on reports that the European Commission is planning to reject the Italian draft budget plan submitted earlier...
Related topics: Switzerland, Banking

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Gold Bugs On The Verge Of Some Bullish News For Once (gld)

From Chris Kimble: Over the past couple of decades, the Swiss Franc and metals have experienced major trend changes at the same time. The Franc and Gold/Silver both bottomed at the same time in 2001, where each started a 10-year rally. The Franc...
Related topics: Gold

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Bitcoin Has Fallen More Against The Dollar Than Almost Every Other Currency This Year

It’s been a tough year for just about every currency except the US dollar. The euro and Swiss franc are down against the greenback, to say nothing of Argentina’s collapsed peso. But you know what’s faring even worse? Bitcoin. To...
Related topics: Bitcoin, Argentina

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More Downside Ahead For This Swiss Franc Etf? (fxf)

From Dana Lyons: A popular Swiss Franc ETF is testing a key line of potential support. We mentioned this week in our regular #TrendlineWednesday feature on Twitter and StockTwits that many of the key trendline tests that we highlighted over the...
Related topics: Social Media, Twitter (business)

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Wwsnbd? Swiss Franc Erases 2015 Re-valuation

What Will The Swiss National Bank Do? Earlier in April, SNB President Thomas Jordan said financial markets remain in a “fragile” state and the central bank didn’t want to “provoke” an appreciation in the franc by changing its monetary...
Related topics: Banking

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Who's Driving The Mysterious Swiss Franc Slump?

The last couple of weeks have seen something mysterious occur in the Swiss Franc, Amid all the chaotic economic, geopolitical, and military machinations - that have sparked a bid for gold and bonds - the Swissy, a traditional safe-haven currency,...
Related topics: Military, Gold

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Credit Suisse Posts Third Straight Annual Loss

Credit Suisse posted a smaller-than-expected 2017 loss of 983 million Swiss francs ($1.05 billion) as a 2.3 billion franc writedown triggered by U.S. tax reform kept the bank from its first year in the black since CEO Tidjane Thiam launched a...
Related topics: Taxes, Banking

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The Swiss Franc And The Euro: What Now?

Authored by Mihai Macovei via The Mises Institute, In January 2015, the Swiss National Bank (SNB) unexpectedly removed the de facto peg of the franc to the euro. The move was welcomed by free-market economists, including in contributions on Mises...
Related topics: Banking

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Fearing Nuclear Winter, Investors Bought Swiss Francs

Donald Trump’s threat to unleash “fire and fury like the world has never seen” upon North Korea sent people seeking refuge—in the Swiss franc. The US president’s comments, following reports that Pyongyang may may have the...
Related topics: Donald Trump, North Korea, Pyongyang

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I Warned The Swiss That This Would Happen, By Scott Sumner

After pegging the Swiss franc at 1.2 per euro for a period of about three years, the Swiss National Bank suddenly revalued the franc sharply higher in January 2015, in a surprise contractionary move. They also cut interest rates sharply, a near...
Related topics: Banking

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Swiss Tourism Pounded By Strong Franc

ZURICH—One of the biggest surprises in the global economy has been Switzerland’s ability to keep activity humming with low unemployment and a high trade surplus in the face of the super-strong Swiss franc. Just don’t tell that to the...
Related topics: Switzerland, Unemployment

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Big Data Jigsaws For Central Banks – The Impact Of The Swiss Franc de-pegging

Big Data jigsaws for Central Banks – the impact of the Swiss franc de-pegging Olga Cielinska, Andreas Joseph, Ujwal Shreyas, John Tanner and Michalis Vasios Bank Underground 06 APRIL 2017         The Bank of England has now...
Related topics: Banking

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Comment On Currency Wars, The Swiss Franc, Policy Divergence And Fed Rate Hikes By Links 3/18/15 |...

[…] Currency wars, the Swiss franc, policy divergence and Fed rate hikes Ed Harrison […]
Related topics: Fed

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Stocks Set To End Turbulent 2016 On Mixed Note Following Dollar Flash Crash

Aside from the previously noted FX fireworks early in the illiquid Asian session, which saw the US Dollar "flash crash" briefly against most pairs, including the Euro and the Swiss Franc... ... only to gradually recover most if not all losses, it...

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Irish Fa Seeks ‘urgent’ Fifa Meeting Over Fine

London (AFP) – The Irish FA on Wednesday sought an “urgent” meeting with FIFA president Gianni Infantino to protest over a 15,000 Swiss franc fine imposed for Northern Ireland’s tribute to Britain’s war dead. The Irish...
Related topics: Fifa, United Kingdom, London, Protests, Ireland

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