Swiss franc touched the 3-year low and closed to historical border of 1.20

April 18, 2018 7:44 pmComments Off on Swiss franc touched the 3-year low and closed to historical border of 1.20
Swiss franc touched the 3-year low and closed to historical border of 1.20

The Swiss franc touched the 3-year low of 1.19 against the euro earlier today, being is just a step away from the 1.20-euro minimum rate at which the Swiss Central Bank maintained it at the beginning of 2015 with unlimited inter- currency markets. And while the 1.20 franc for the euro is a symbolic value, the weakening of the Swiss currency provides a potential occasion for Swiss central bank governor […]

Read more ›

US dollar weakened before the upcoming Federal Reserve meeting

January 31, 2018 10:54 amComments Off on US dollar weakened before the upcoming Federal Reserve meeting
US dollar weakened before the upcoming Federal Reserve meeting

The US dollar weakened after large number of investors turned their attention to the upcoming Federal Reserve session as well as employment figures which will be published this week. Although the Fed is expected to keep interest rates, the US dollar was under sale, which depreciated its price. This, in turn, supported the other major currencies, as the Euro and the Japanese yen being among the main winners. After realizing […]

Read more ›

Turkish lira fell sharply after the central bank raised just one of its interest rates

December 15, 2017 1:49 pmComments Off on Turkish lira fell sharply after the central bank raised just one of its interest rates
Turkish lira fell sharply after the central bank raised just one of its interest rates

The Turkish lira fell sharply today after the central bank raised just one of its interest rates. This action disappointed markets that expected a more significant increase. The Turkish lira, which value dropped more than 30% against the dollar in the past two years, lost 1.60%, to 3.87 TRY per 1 USD. Markets relied on a 100 basis points increase in central bank interest rates to cope with inflation, which […]

Read more ›

US dollar is heading to disappointing 2018

November 22, 2017 12:23 pmComments Off on US dollar is heading to disappointing 2018
US dollar is heading to disappointing 2018

The US dollar is heading to disappointing 2018, although the US Federal Reserve is continuing the cycle of interest rate hikes, according to the experts from the Swiss bank UBS. The interest rate hikes are usually beneficial to the dollar, as interest in US assets is rising in anticipation of higher returns. According to UBS, however, the Euro will be stronger. Since the beginning of this year, the single currency […]

Read more ›

Political uncertainty in the UK puts pressure on the British pound

November 13, 2017 1:23 pmComments Off on Political uncertainty in the UK puts pressure on the British pound
Political uncertainty in the UK puts pressure on the British pound

The British pound depreciated by more than 1% on Monday. The political shocks in the UK cast a shadow over Prime Minister Theresa May’s ability to push the desired deal for Brexit. The British pound fell by 0.75% to 1.3093 USD. The British currency ended a two-day winning series after Sunday Times reported that 40 members of the Conservatives had agreed to sign the so-called letter of mistrust against May. […]

Read more ›