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Swiss Franc

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  • Dollar rallies, traders revisit bullish bets Thursday, 26 Mar 2015 | 4:48 PM ET

    The dollar was on track for its biggest one-day gain against the euro in a week on Thursday after traders reestablished bullish bets on the greenback.

  • LONDON, March 26- The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of weaker-than-expected U.S. data and a bid for traditional safe havens by investors worried about stock markets and Gulf oil supplies. News that Saudi Arabia and its allies in the Middle East had launched air strikes against Iran- allied forces...

  • ZURICH, March 26- The Swiss National Bank spent 25.8 billion Swiss francs defending its cap on the currency late last year before jettisoning the policy as too costly for the country's economy, it said on Thursday. The SNB shocked markets in January when it removed the 1.20 per euro ceiling on the Swiss franc, sending the currency soaring, stocks plunging and...

  • Dollar slips further after weak US durable goods data Wednesday, 25 Mar 2015 | 4:18 PM ET

    The dollar fell against a basket of major currencies after weaker-than-expected U.S. data combined with a robust survey of German business morale.

  • Nestle's recipe to cope with lower food prices   Tuesday, 24 Mar 2015 | 7:44 PM ET

    Peter Brabeck-Letmathe, chairman of Nestle, discusses the impact from global food prices hovering near 5-year lows and outlines what could derail its sales forecast for 2015.

  • The dollar fell for a second straight session against a basket of major currencies after traders unwound bullish dollar positions.

  • Dollar falters as Fed's interest rate view weighs Friday, 20 Mar 2015 | 4:38 PM ET

    The dollar stumbled on Friday, capping its worst weekly performance against the euro in more than two years.

  • Dollar recovers from Fed-inspired losses Thursday, 19 Mar 2015 | 5:07 PM ET
    U.S. Currency

    Rebounding from steep losses in the previous session on a cautious Fed statement on interest rates, the dollar rose broadly.

  • FOREX-Dollar recovers from Fed-inspired losses Thursday, 19 Mar 2015 | 3:23 PM ET

    NEW YORK, March 19- Rebounding from steep losses in the previous session on a more cautious than expected Federal Reserve statement on interest rates, the dollar rose broadly on Thursday as investors remained bullish on the greenback. Against the Swiss franc, it posted its worst daily performance since Jan. 15, when the Swiss National Bank removed a peg on the...

  • ZURICH, March 19- Switzerland's central bank said it would stay active in markets to weaken an overvalued franc as it cut growth and inflation forecasts, while tumbling exports suggested the soaring currency was already weighing heavily on the economy. At Thursday's policy meeting, the Swiss National Bank also said its benchmark interest rate target, which it...

  • NEW YORK, March 19- The dollar rebounded broadly on Thursday after posting steep losses the previous session following a much more cautious Federal Reserve statement on interest rates than expected, as investors remained bullish on the greenback. Against the Swiss franc, it posted its worst daily performance since Jan. 15, when the Swiss National Bank removed a...

  • SNB credibility hasn't suffered: Chair   Thursday, 19 Mar 2015 | 6:50 AM ET
    SNB's credibility hasn't suffered: Chair

    Thomas Jordan, chairman of the Swiss National Bank, says it's now obvious that scrapping the FX cap in January was "the right decision."

  • SNB Chairman: 'We are very transparent'   Thursday, 19 Mar 2015 | 6:50 AM ET
    SNB Chairman: 'We are very transparent'

    When asked whether the Swiss National Bank is transparent enough, Thomas Jordan, chairman of the SNB, stressed it was accountable to parliament.

  • SNB: Inflation is lower than our target   Thursday, 19 Mar 2015 | 6:50 AM ET
    SNB: Inflation is lower than our target

    Thomas Jordan, chairman of the Swiss National Bank, says he hopes inflation will move higher over time.

  • Dollar licks its wounds after Fed gores bulls Wednesday, 18 Mar 2015 | 11:22 PM ET
    US Currency

    The dollar nursed hefty losses, having suffered its biggest one-day fall against the euro in six years after the Federal Reserve struck a dovish tone.

  • NEW YORK, March 18- The dollar plunged across the board on Wednesday after the Federal Reserve signaled an interest rate increase as early as June but slashed interest-rate projections over the next few years and downgraded its outlook for the U.S. economy. The dollar also dropped 3 percent versus the Swiss franc, posting its worst daily performance since Jan. 15,...

  • NEW YORK, March 18- Citigroup Inc has sued a Connecticut firm founded by two former Goldman Sachs partners for $25 million over losses incurred during the unexpected surge in the Swiss franc in January. Ron Marks, a co-founder of Tormar Associates, in a statement issued on Wednesday called Citigroup's claims "inaccurate." Danielle Romero-Apsilos, a Citigroup...

  • Riksbank cuts rates to be on 'safe side'   Wednesday, 18 Mar 2015 | 11:45 AM ET
    Riksbank cuts rates to be on 'safe side'

    Riksbank has cut its rates again -- to negative 0.25 percent. Stefan Ingves, Governor of Sveriges Riksbank, said they weren't in a currency war, but that inflation has been quite low for a while, and the Riksbank wants to be on "the safe side."

  • Tag Heuer to cut some prices after Swiss franc rise Wednesday, 18 Mar 2015 | 5:30 AM ET

    BASEL, Switzerland, March 18- Tag Heuer, French luxury group LVMH's biggest watch brand, said on Wednesday it plans to cut prices by between 7 percent and 13 percent in some markets following the recent appreciation of the Swiss franc. Tag Heuer added that it would refrain from raising prices in the euro zone, Japan or Singapore. There will be an average price...

  • Dollar slides on weak data; investors await Fed Tuesday, 17 Mar 2015 | 3:22 PM ET
    A man walks by a euro sign light installation in Vilnius, Lithuania, on Dec. 31, 2014.

    The dollar fell for a second straight day against major currencies, pressured by weak US economic data as the Fed started a two-day policy meeting.