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Micro CHF/USD Futures(SEP4) News
Swiss Central Bank's Stance Could Weigh on Franc -- Market Talk
Unafraid of the prospect of a Swiss National Bank interest rate cut, safe-haven demand pushes the Swiss franc higher.
At the beginning of this week, a wave of risk aversion swept the market, pushing up the Swiss franc and offsetting the impact of further interest rate cuts, and triggering calls for the Swiss National Bank to take further action to cool the franc. The Swiss franc rose to its highest level in nearly a decade against the euro on Monday, following its best performance since early 2022 last week. On Wednesday, Switzerland's largest manufacturing lobbying group called on the central bank to take swift action to prevent the franc's strength from hurting exporters and jeopardizing the economic recovery. The revival of the Swiss franc as a safe-haven asset was due to a combination of factors, including concerns about the US economic recession, geopolitical tensions, and the severe turbulence in the Japanese market.
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.
Second rate cut! The Swiss National Bank announced a 25 basis point cut.
Will there be a third interest rate cut this year?
Swiss National Bank cuts interest rates again in the hope of supporting the economy and curbing the rise of the Swiss franc.
Swiss National Bank has once again cut interest rates to ease economic constraints and suppress the rise of the Swiss franc, in stark contrast to the hesitancy of other central banks around the world to loosen policies. On Thursday, the Swiss National Bank lowered its benchmark interest rate by 25 basis points to 1.25%, which was previously seen as an unpredictable decision by observers. Some investors bet that the bank would cut interest rates, while a slight majority of economists surveyed by Bloomberg expected the central bank to maintain interest rates. In a statement, the Swiss National Bank stated that "potential inflationary pressures have fallen again compared to the previous quarter." After the interest rate decision was announced, the Swiss franc fell, falling by about 0.4% against the euro and the US dollar.
SNB Cuts Deposit Rate to 1.25%, as Expected
Swiss France Seen Supported by Safe-Haven Bids Even If SNB Cuts Rates -- Market Talk
The silence of the Swiss National Bank makes interest rate cuts uncertain.
The decision of the Swiss National Bank this week will be another tense event, as officials decide whether to cut interest rates or maintain them. Thursday's decision comes three weeks after Swiss National Bank policymakers last publicized their comments, with investors speculating on the prospect of further action in the market volatility and the appreciation of the Swiss franc. Economists have varying views on the outcome, with a few predicting that Switzerland will be the first country to end its easing cycle. In March, Switzerland's interest rate cut made it the fastest-cutting country among the top 10 trading currencies globally. Compared with other countries,
The outlook for a rate cut by the Swiss Central Bank remains unclear, with overnight hedge costs for the Swiss franc seeing their largest increase since 2015.
The Swiss National Bank will make the next interest rate decision on Thursday, and it is uncertain whether decision makers will choose to cut interest rates and imply support for the Swiss franc through intervention.
Swiss franc central bank officials remain silent, again raising expectations of interest rate cuts.
The Swiss National Bank will announce its interest rate decision on Thursday.
SNB's Jordan: Monetary Policy Should Remain Focused on Inflation
Swiss Trade Surplus Rises in Q1
Swiss Monthly Producer, Import Prices Up 0.1% in March
Swiss Consumer Confidence Improves in March
Swiss Manufacturing PMI Rises in March, Tops Estimate
Swiss Current Account Surplus Declines in Q4 2023
SNB's “raid” to cut interest rates kicks off global easing, traders find a “new weapon”
The SNB unexpectedly cut interest rates, kicking off a global easing cycle. As the Swiss central bank prepares for further interest rate cuts in the future, traders may see the Swiss franc as a new funding currency.
Analysts say the Swiss franc will continue to be under pressure after the Swiss central bank “raided” interest rate cuts
After the SNB unexpectedly cut interest rates, the Swiss franc may continue to be under pressure and even fall to an eight-month low.
SNB Currency Interventions Likely to Be Rare -- Market Talk
SNB's Lower Inflation Forecasts Heighten Chance of June Rate Cut -- Market Talk