CHFHKD CHF/HKD
- 8.7809
- -0.0061-0.07%
CHF/HKD News
Hong Kong's Consumer Prices Rise 1.5% in June
The larger increase was due mainly to a year-over-year decline in the government's provision of electricity charges subsidy as compared to June 2023.
CHF: It Is Unclear When SNB Plans to React – Commerzbank
The Swiss Franc (CHF) benefited significantly on Wednesday both against the US Dollar (USD) and the Euro (EUR), Commerzbank FX analysts Ulrich Leuchtmann and Michael Pfister note.
Hong Kong's Unemployment Rate Remains Consistent in April-June
The unadjusted unemployment rate also stayed the same across the two periods at 1.2%.
Switzerland Books Highest Quarterly Trade Surplus in Q2
Switzerland recorded its highest quarterly trade surplus of 12.45 billion francs in the second quarter of 2024, after 9.38 billion francs in the previous three months, the Federal Office for Customs and Border Security said Thursday.
Short-term Hong Kong dollar interbank rates rise, overnight interbank rates rise to 4.48%, reaching a new high in nearly a week.
On July 16th, the short term interbank rates for Hong Kong dollars increased, but long term rates remained soft. Among them, overnight rates rose slightly by 4 basis points to a new high of 4.48131% in the past week.
Swiss Monthly Producer, Import Prices Unchanged in June
Switzerland's monthly producer and import price index was flat in June, following a 0.3% decrease in May, data from the country's Federal Statistical Office showed Monday.Analysts expected a 0.1%
Swiss National Bank's interest rate cut cycle is nearing its end: economists predict the last rate cut will be in September.
According to a survey conducted from July 5th to 11th, the Swiss National Bank's last interest rate cut of 25 basis points will take place in September. Prior to this, the bank had already cut interest rates twice in March and June.
Interest rates for Hong Kong dollars vary, with a one-month borrowing rate of 4.6%.
On July 15th, individual developments occurred in the Hong Kong interbank interest rates this morning, with the overnight rate slightly down to 4.44119%, while the one-month interbank rate related to property remained at 4.6%.
Swiss Franc Could Weaken If Interest Rates Fall Further -- Market Talk
The Swiss National Bank has made it clear that the franc's strength is unwelcome, Commerzbank currency analyst Michael Pfister says in a note.
Hong Kong's Q2 Growth Seen to Contract to 2%, Survey Says; PMI Shrinks to Lowest Since September
Slower domestic demand may drag Hong Kong's economic growth to 2% in the second quarter, according to estimates by the University of Hong Kong's HK Macroeconomic Forecast released Thursday.
Hong Kong Dollar Rally Seen Peaking in July After Dividend Boost
The Hong Kong dollar’s gains against the greenback are expected to peak this month, after getting a boost from hefty dividend payments from firms listed on the city’s stock exchange.
Swiss Franc Hit By Prospect of Rate Cut After Inflation Data -- Market Talk
0940 GMT - The Swiss National Bank faces further pressure to cut interest rates after Thursday's lower-than-expected inflation data, and this brings fresh grounds for Swiss franc pessimism after its r
Swiss Inflation Unexpectedly Slows as Goods Costs Decline
Swiss inflation unexpectedly eased — offering reassurance to Swiss National Bank officials who’ve lowered borrowing costs for two straight meetings.
Swiss Annual Inflation Softens to 1.3% in June
Switzerland's annual inflation rate came in at 1.3% in June, down from the May reading and consensus estimate of 1.4%.
CICC: Hong Kong's external demand continues to improve in the first quarter, but the real estate market is difficult to reach a major turning point.
China International Capital Corporation states that the short-term stimulating effect of policies on the demand side of the Hong Kong property market is gradually emerging, but it is difficult to say whether there will be a major turning point in the current cycle when considering all factors.
As of the end of May, Hong Kong's forex reserves reached $404.697 billion, according to the Hong Kong Monetary Authority.
As of the end of May 2024, the official reserves of Hong Kong amounted to $417.24 billion, of which foreign exchange reserves (freely convertible foreign currencies) amounted to $404.697 billion and other foreign currency assets amounted to $38.545 billion.
Riksbank Signals as Many as Three More Rate Cuts This Year
The Riksbank kept borrowing costs unchanged and said it expects to resume easing again with as many as three cuts in the second half of the year.
Swiss Current Account Surplus Rises in Q1
Switzerland's current account surplus edged up to 16.10 billion francs in the first quarter from the revised 13.78 billion francs in the prior three-month period, the Swiss National Bank (SNBN.SW) said Monday.
The Swiss National Bank lowered interest rates for the second time this year, prompting a decline in the Swiss franc.
After becoming the first developed country central bank to cut interest rates in March, the Swiss National Bank announced today its monetary policy decision and declared a further 25 basis-point reduction in the benchmark interest rate to 1.25%. It is in line with market expectations.
SNB Cuts Rate Again to Aid Economy and Stem Gains in Franc
The Swiss National Bank cut borrowing costs again to loosen constriction on the economy and stem gains in the franc, a move that contrasts with the hesitancy of global peers over easing.