Search Results for: currency market
Banks Battle Speculation Denmark’s Euro Peg at Risk: Currencies
January 19th, 2015
Banks in Scandinavia are joining the Danish government in trying to persuade offshore investors that the Nordic country isn’t about to copy Switzerland and drop its euro peg. SEB AB, the Nordic region’s largest currency trader, said it’s been fielding calls ...
Russia Abandons PetroDollar By Opening Reserve Fund
January 16th, 2015
2015 has not been good to Russia; the spread between Brent and WTI is gone in anticipation of US exports and both benchmarks have flirted with sub $45 prices. A hostage to such prices, the ruble has yet to ...
Euro pinned near 11-year low as SNB move beefs up bets on ECB stimulus
January 16th, 2015
The euro languished just above an 11-year trough on Friday as investors wagered that the Swiss move to abandon its currency cap meant it was almost certain the European Central Bank would launch large-scale bond buying next week. The ...
Asian Stocks Slide With U.S. Futures, Bonds Climb on SNB
January 16th, 2015
Asian shares dropped with U.S. index futures as the market turmoil sparked by Switzerland abandoning the franc’s cap extended into a second day. Sovereign bonds rallied and gold traded near a four-month high. The MSCI Asia Pacific Index fell 0.6 percent ...
Swiss Stocks Tumble, European Equities Rise After SNB
January 15th, 2015
Stocks in Switzerland tumbled, led by the nation’s exporters, while the Euro Stoxx 50 Index rose, after the Swiss National Bank (SNBN) unexpectedly ended its minimum exchange rate. The Swiss Market Index plummeted 8.7 percent at 2:14 p.m. in ...
Swiss National Bank press conference on Discontinuation of the minimum exchange rate
January 15th, 2015
Discontinuation of the minimum exchange rate The Swiss National Bank (SNB) has decided to discontinue the minimum exchange rate ofCHF 1.20 per euro with immediate effect and to cease foreign currency purchases associated with enforcing it. The minimum exchange rate ...
Swiss National Bank discontinues minimum exchange rate and lowers interest rate to –0.75%
January 15th, 2015
Target range moved further into negative territory The Swiss National Bank (SNB) is discontinuing the minimum exchange rate of CHF 1.20 per euro. At the same time, it is lowering the interest rate on sight deposit account balances that exceed a ...
India’s central bank cuts key interest rate by quarter point
January 15th, 2015
The Reserve Bank of India cut its key interest rate Thursday by a quarter percentage point in a surprise move that adds impetus to government efforts to revive Asia’s third-biggest economy. The decision to lower the rate to 7.75 ...
Yen falls against dollar, euro as Nikkei recovers
January 15th, 2015
The yen weakened against the dollar and the euro in Asian trade Thursday, as a recovery in Tokyo stocks prompted selling of the safe-haven Japanese currency. The dollar USDJPY, +0.34% was at ¥117.74 compared with ¥117.27 late Wednesday in New York and ...
Interview with Benoît Cœuré, ECB
January 14th, 2015
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, on 13 January 2015 How concerned are you about the election of a new parliament in Greece resulting in a re-emergence of the euro crisis? Greece is ...
