US Dollar/Swiss Franc FX Spot Rate
U.S. dollar climbs overnight as speculation grows Trump in election lead
Iryna Ustenko | Istock | Getty Images The U.S. dollar strengthened against the Mexican peso and other major global currencies on Tuesday evening as voting began to wind down in the presidential election. The greenback had gained 2.9% against the Mexican peso shortly before 11 p.m. ET, and was also higher against the Swiss franc, […]
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Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
Signage at the UBS flagship office in New York, US, on Tuesday, March 21, 2023. Bloomberg | Bloomberg | Getty Images Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse. Net profit attributable to shareholders came […]
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Correction in the dollar-yen was overdue and may be ‘healthy’ for markets, former ECB chief says
The recent rapid strengthening of the Japanese yen can be seen as an overdue and healthy correction — and it’s not time to panic about the wider market impact, the former head of the European Central Bank said Tuesday. A combination of Japanese monetary policy turning hawkish, geopolitical tensions in the Middle East and disappointing […]
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A global stock rout is deepening with investors fleeing to safe havens
A man looks at an electronic boarddisplaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024. Kazuhiro Nogi | Afp | Getty Images Investors on Monday turned to safe-haven assets as a global stock sell-off deepened, following weaker-than-expected U.S. jobs data at the end of last […]
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Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy easing remains mixed […]
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Big central banking institutions achieved a pivotal level this 7 days. In this article's what took place — and what's following
U.S. Federal Reserve Chair Jerome Powell holds a press conference subsequent a two-working day conference of the Federal Open Marketplace Committee on interest amount policy in Washington, U.S., March 20, 2024. Elizabeth Frantz | Reuters Central banks all over the earth attained a pivotal issue this week, with Switzerland getting to be the to start […]
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Asset manager names a person beneath-the-radar current market to get when times are terrible, supplying 6 stock picks
Considerations above worsening geopolitical tensions, volatility in corporate earnings and uncertainty on when the U.S. Federal Reserve will cut desire charges have sent some buyers on the hunt for secure-haven assets — and marketplaces — to put their dollars in. One particular European index stands out to portfolio supervisor Carla Bänziger even in a falling […]
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U.S. greenback heads for very first destructive calendar year given that 2020. Here’s exactly where overseas currencies stand against the dollar
Hopes for a stronger economic climate, lessen inflation and a a lot more accommodative Federal Reserve are converging to drive the U.S. greenback down to multimonth lows. The buck on Wednesday fell .5%, touching its least expensive level since July 27 and keeping the currency on tempo for its first full-12 months drop given that […]
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An ‘extended war’? Markets may perhaps be underestimating the Israel-Hamas conflict
Smoke rises in excess of a buildings in Gaza Metropolis on Oct 9, 2023 for the duration of an Israeli air strike. Sameh Rahmi | Nurphoto | Getty Photos Whilst sector reaction continues to be muted pursuing the assault on southern Israel by Palestinian militant group Hamas, some field watchers caution that a number of […]
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‘A money banana republic’: UBS-Credit score Suisse offer puts Switzerland’s status on the line
Switzerland, a region seriously dependent on finance for its economic system, is on track to see its two largest and very best-regarded banks merge into just one particular economical huge. Fabrice Coffrini | Afp | Getty Photographs The demise of banking giant Credit Suisse sent shockwaves by money marketplaces and seems to have dealt a blow […]
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