Thomas Jordan, chairman of the Swiss National Bank, discusses the appreciation of the Swiss franc and explains why the minimum exchange rate remains "absolutely necessary" for Switzerland.
Switzerland's exchange rate peg against the euro remains "absolutely necessary", despite the upturn in the single currency, the head of the Swiss National Bank told CNBC.
CNBC's Eamon Javers reports the DOJ expects to announce an agreement with the government of Switzerland in which certain Swiss banks could resolve the liability they may be facing in results of hiding American assets. Participating banks will have to provide the U.S. with full disclosure of activities.
Kathy Lien, Managing Director of FX Strategy of BK Asset Management says that while there are some green shoots evident in the Euro Zone, the region's battle against recession is far from over.
The Swiss National Bank said it was far from ready to end its unconventional policy measures, on Thursday, unlike the U.S. Federal Reserve.
In an exclusive interview with CNBC, chairman of the Swiss National Bank, Thomas Jordan says the central bank could employ negative interest rates as a means to keep the Swiss franc low.
The Swiss National Bank has trimmed its big euro position, taking downward pressure off the currency.
The Swiss National Bank has euros ready to unload, and these strategists point to currencies that should benefit.
The Swiss National Bank is sitting on a pile of euros, and the size of that pile says a lot about where the euro is headed.
Safe haven is a lovely term indicating that an asset class, bank or company is rock solid, reliable and dependable. After years of financial crisis a safe haven asset feels like a port in a storm and investors have flocked into so-called safe haven assets like U.S., German and UK government debt.
As the euro zone crisis grinds on, the pressure on the Swiss franc's peg to the euro is intensifying.
Investors cover short positions in riskier currencies and the Swiss vow to keep the franc's peg — it's time for your FX Fix.
In case you're feeling short on bad news from the euro zone, this strategist is watching an ominous capital shift.
Philipp Hildebrand, the former chairman of the Swiss National Bank, is joining BlackRock as vice-chairman and will oversee the firm’s largest institutional client relationships outside of the U.S., the FT reports.
CNBC's Brian Shactman reports on tonight's major headlines, including Ernst and Young CEO James Turley denouncing Boy Scout's policy on gay and lesbian den leaders, and North Dakota voting to eliminate property taxes.
Stimulus hopes lift the euro and China's rate cut makes the Aussie jump - it's time for your FX Fix.
If the euro zone collapses, the Swiss flag carrier—Swiss International Airlines—would "lose competitiveness altogether," Harry Hohmeister, CEO of Swiss International Airlines told CNBC at the SwissMediaForum.
The Swiss franc's peg comes under pressure and the euro takes a breather - it's time for your Friday FX Fix.
Europe is scary right now, no question. Here's how one strategist plans to take shelter from the storm.
The euro's status as a reserve currency has provided key support. But it may not be as deep as it seems.