News
Important Only
SNB chairman aware of 'undesirable' effects of negative rates
ZURICH, June 19 (Reuters) - The Swiss National Bank is aware of the "undesirable side effects" of negative interest rates, Chairman Martin Schlegel said on Thursday, although the measure had been an important instrument when deployed in the past."Between 2015 and 2022 negative interest w...Reuters
Thu, Jun 19
SNB vice chairman says banks' capital and liquidity buffers remain key
ZURICH, June 19 (Reuters) - Banks' capital and liquidity buffers remain key in the context of increased financial market volatility and persisting vulnerabilities in Switzerland's mortgage and residential real estate markets, Swiss National Bank Vice Chairman Antoine Martin said on Thursday....Reuters
Thu, Jun 19
EUR/CHF pulls back below 0.9400 despite the SNB's rate cut
Buy the rumour, sell the fact for the EUR/CHF on Wednesday, as the pair has reacted lower to the Swiss National Bank’s decision to cut its benchmark rate by 25 basis points, to 0% after its monetary policy meeting.The EUR/CHF has pulled back from the 0.9420 area to levels right below the 0.9400 leve
Fxstreet
Thu, Jun 19
USD/CHF steadies around 0.8200 after SNB announces a quarter basis point rate cut
USD/CHF continues its winning streak for the fifth consecutive session, trading around 0.8200 during the European hours on Thursday. The pair holds gains following the release of the interest rate decision by the Swiss National Bank (SNB).
Fxstreet
Thu, Jun 19
SNB Economic Forecasts Table
ZURICH, June 19(Reuters) - Here are the Swiss National Bank's latest projections for the Swiss economy, released earlier on Thursday. Previous forecasts in brackets. 202520262027 Inflation* 0.2% (0.4) 0.5% (0.8) 0.7%(0.8) GDP** 1-1.5%(1%-1.5%)1-1.5% (1.5%)Reuters
Thu, Jun 19
Swiss National Bank cuts interest rates to zero
By John Revill ZURICH, June 19 (Reuters) - The Swiss National Bank cut its interest rate to zero on Thursday in response to falling inflation, appreciation pressure on the Swiss franc and economic uncertainty caused by the U.S. administration's unpredictable trade policy.The SNB reduced its p...Reuters
Thu, Jun 19
Pound Sterling faces selling pressure ahead of BoE’s monetary policy announcement
The Pound Sterling (GBP) trades lower against its major peers, except antipodeans, on Thursday. The British currency faces selling pressure ahead of the Bank of England’s (BoE) monetary policy announcement due at 11:00 GMT.
Fxstreet
Thu, Jun 19
NZD/USD Price Forecast: Targets 0.5950 support near 50-day EMA
NZD/USD falls nearly 1% on Thursday, trading around 0.5970 during the early European hours on Thursday. The technical analysis of the daily chart suggests the emergence of a bearish bias, as the pair has broken below the lower boundary of the ascending channel pattern.
Fxstreet
Thu, Jun 19
Rio Tinto reaches $138.75 million settlement over Mongolian mine
By Clara Denina and Jonathan Stempel NEW YORK/LONDON, June 18 (Reuters) - Rio Tinto RIO.L, RIO.AX agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu To...Reuters
Thu, Jun 19
Sterling slips ahead of Bank of England decision; Middle East in focus
LONDON, June 19 (Reuters) - Sterling slipped versus a stronger dollar on Thursday ahead of the Bank of England's policy decision, with no change to rates the widely expected outcome, while investor sentiment remained fragile given the flaring conflict in the Middle East. At 0618 GMT the pound wa...Reuters
Thu, Jun 19
EUR/GBP hovers around 0.8550 as traders adopt caution ahead of BoE’s decision
EUR/GBP extended its winning streak for the fourth consecutive day, trading near 0.8550 during the Asian hours on Thursday. The currency cross remains steady ahead of the Bank of England’s (BoE) interest rate decision scheduled later in the day.
Fxstreet
Thu, Jun 19
USD/CAD Price Forecast: Recovers to near 20-day EMA
The USD/CAD pair extends its two-day recovery move to near 1.3710 during Asian trading hours on Thursday. The Loonie pair attracts bids as the US Dollar (USD) gains further, while Middle East tensions have escalated amid the possibility of the United States (US) striking Iran, Bloomberg reported.
Fxstreet
Thu, Jun 19
FOREX-Dollar advances as Mideast worries rise and as Powell flags inflation risks
Middle East tensions dampen sentiment; dollar firms on safe-haven demandPowell warns on inflation risks from tariffsBoE, SNB and Norges Bank meeting on ThursdayBy Ankur Banerjee SINGAPORE, June 19 (Reuters) - The dollar firmed on Thursday, buoyed by safe-haven demand due to the looming threat of ...Reuters
Thu, Jun 19
EUR/USD extends downside to near 1.1450 ahead of ECB’s Lagarde speech
The EUR/USD pair extends the decline to near 1.1465 during the Asian session on Thursday. The Euro (EUR) weakens against the Greenback amid the risk-off mood due to rising geopolitical tensions in the Middle East.
Fxstreet
Thu, Jun 19
GBP/USD holds losses near 1.3400 ahead of BoE’s policy decision
GBP/USD remains subdued for the third consecutive session, trading around 1.3410 during the Asian hours on Thursday. The pair faces challenges as the US Dollar (USD) gains ground amid increased safe-haven demand, driven by escalating tensions between Israel and Iran.Fxstreet
Thu, Jun 19
Australia, NZ dollars take collateral damage from Mideast conflict
By Wayne Cole SYDNEY, June 19 (Reuters) - The Australian and New Zealand dollars slid on Thursday as concerns the United States was inching closer to striking Iran dampened risk sentiment, while domestic data was too mixed to offer much direction. The Aussie, often used as a proxy for risk as...Reuters
Thu, Jun 19
