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Showing 11 - 20 of 22 results for "SNB"

Central banks of the world, coordinate

BENJAMIN ONG  |  THURSDAY, 1 OCT 2015

PBOC does an SNB

BENJAMIN ONG  |  THURSDAY, 13 AUG 2015
... yuan has strengthened against all the other major currencies. Could it be that the PBOC is just doing a Swiss National Bank (SNB) - when it abandoned its defence of the franc early this year - in anticipation of being drowned by the flood of franc shoppers ...

Fedcident waiting to happen?

BENJAMIN ONG  |  FRIDAY, 26 JUN 2015
... below the 2015 high of 22.39 (when the Swiss National Bank abandoned its defense of the Swiss franc - 15 January). Yup, the SNB brought more fear in the market - not one expected it - than this long-running (now in its fifth season) Greek saga, for unless ...

Central bank surprises

BENJAMIN ONG  |  THURSDAY, 22 JAN 2015
... we've gotten central bank surprises a-plenty... and they're not kinder surprises either. We've seen the Swiss National Bank (SNB) stomp the CHF1.20/euro line in the sand it drew way back in September 2011 and the Reserve Bank of India (RBI) lower its ...

That other surprise

BENJAMIN ONG  |  TUESDAY, 20 JAN 2015
There's no question about it... the Swiss National Bank's (SNB) surprise move was the biggest story in the financial markets last week. So huge that it eclipsed everything else. It eclipsed the plunging oil price and the dropping copper price -- the ...

So sure it's certain

BENJAMIN ONG  |  MONDAY, 19 JAN 2015
... certainty comes only once, no matter how many lifetimes you live". In fact, so certain of an ECB QE was the Swiss National Bank (SNB) that it bet its house when it removed the CHF1.20 per euro ceiling last week. The resulting sharp appreciation of the ...

Market Wrap AM

AAP  |  MONDAY, 19 JAN 2015
... cent to 6,550.27 points. Meanwhile Switerzerland's SMI tumbled 5.96 per cent, still reeling from the Swiss National Bank (SNB) abruptly ending Thursday its policy to hold down the value of the franc, which saw the currency soar. The SNB came under fire ...

SNB dismantles defense

BENJAMIN ONG  |  FRIDAY, 16 JAN 2015
... "Francogeddon", "currency tsunami", "shocker", "jaw-dropping". These are some of the words used to describe the Swiss National Bank's (SNB) decision to surrender and abandon the currency peg - erected back in September 2011 - against the euro last night. ...

Big deal day

BENJAMIN ONG  |  WEDNESDAY, 13 FEB 2013
... us greater clarity on who, what and where the war is being waged. No, not me! For aside from the Swiss the National Bank (SNB), which had been frank in capping the Swiss franc's appreciation since late 2011... SNB Press Release, Zurich, 6 September 2011 ...

Coming in 2014: Aussie recession

BENJAMIN ONG  |  THURSDAY, 29 NOV 2012
... Norwegian bonds have fallen by 7 basis points. Swiss ones dropped by 30 bps. Which one's the safe haven? 7 Swiss National Bank (SNB) wins and catapults the euro-Swiss franc currency comparison to 1.50 Euro-Swiss franc exchange rate has not gone beyond ...