The current account balance of the Swiss National Bank has increased, and the possibility of foreign exchange intervention
Current account balances rose by CHF1.7 billion ($1.8 billion) to CHF751.28 billion last week, the Swiss National Bank said on Wednesday. There is a possibility that the central bank is implementing foreign exchange intervention to curb the appreciation of the franc. It had increased by CHF2.5 billion last week. “In light of the increase in […]
There are also speculations about the Bank of Japan due to the unexpected rate hike of the Swiss central bank, which is spreading yen buying
In the early part of London, the movement to buy yen is spreading. The Swiss central bank has announced that it will raise the policy interest rate by 50bp from the previous minus 0.75% to minus 0.25%. Surprise franc buying is spreading due to an unexpectedly large rate hike. European stocks have plummeted, and there […]