USD/CHF edges higher as the US Dollar appreciates, potentially driven by a technical correction. Trump’s import tariff on steel and aluminum rose to 50%, effective at 04:00 GMT. The recent Swiss data reinforced the odds of the SNB delivering a 25 basis point rate cut in June. USD/CHF remains stronger for the second successive session,…
Franc the main FX winner since “Liberation Day”. Could hit Swiss exports, lead the nation into deflation. How will the SNB respond: Negative rates or intervention? Risk reversals point to strong setback should appetite improve further. Swiss franc the ultimate FX haven The Swiss franc seems to be the ultimate safe haven in the FX…
Swiss National Bank Chairman Martin Schlegel warned at the central bank’s annual general meeting that high levels of trade policy uncertainty continue to cloud the economic outlook. “It remains very uncertain how inflation and the economy in Switzerland will develop,” Schlegel said, adding that “an economic slowdown cannot be ruled out.” Growth forecasts are already…
USD/CHF may gain ground due to the hawkish policy shift by the Federal Reserve. The latest ISM services report indicated higher activity and rising prices, fueling concerns about persistent inflation in the United States. The Swiss 10-year bond yield climbed to 0.37%, marking its highest level in over a month. USD/CHF steadies following gains from…
A new proposal, seeking to constitutionally mandate the Swiss National Bank (SNB) to hold Bitcoin on its balance sheet, was officially registered in Switzerland’s Federal Gazette on 31 December 2024. Accumulating the Signatures Giw Zanganeh, Tether’s Vice President of Energy and Mining; Yves Bennaïm, founder and chairman of the Swiss Bitcoin nonprofit think tank 2B4CH;…
Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy individuals fearing future tax hikes on non-domiciled tax arrangements. Crypto Investor Angermayer Leaves London Over Tax Concerns Billionaire crypto investor Christian Angermayer has…
Switzerland Industrial Production (YoY) above forecasts (-2.9%) in 2Q: Actual (7.3%) Source link
The United Nations continues to view artificial intelligence (AI) with skepticism despite the technology’s sky-high adoption metrics in recent years, hinting at stiffer regulations by member states. Officials of the UN and experts converged for a two-day conference dubbed “AI for Good” to weigh the pros and cons of the increasing adoption by corporations, governments,…