The dollar index slipped, pegged back by month-end selling, but was still on track for its eighth month of gains on better data.» Read More
Johann Schneider-Ammann, Economy Minister of Switzerland, says the surge in the Swiss franc is a huge challenge for businesses, but declined to comment what the ideal exchange rate should be.
The dollar hit a fresh one-month high versus the yen on Wednesday, while uncertainty over a new debt deal for Greece kept the euro under a cloud.
The dollar strengthened on the back of U.S. Treasury yields, while the euro was buffeted by comments and media reports on the progress of Greece.
ZURICH, Feb 10- UBS Group AG has warned about the impact on profit of the surging Swiss franc and negative interest rates, while also disclosing another tax investigation in the United States involving wealthy clients. Shares in UBS slid more than four percent to 15.42 francs by 1225 GMT, despite the bank trebling its dividend from the previous year and saying it...
*Raiffeisen jumps after saying will cut exposure to Russia. PARIS, Feb 10- European stocks were steady around midday on Tuesday, with UBS falling after it warned against the effects of the surging Swiss franc and negative interest rates in Switzerland and the eurozone. On Tuesday, Raiffeisen Bank International climbed 6.7 percent after the Austrian lender said...
The dollar gave back some ground on Monday as traders sold into a rally triggered by robust U.S. jobs data.
The U.S. dollar soared against the euro and the yen on Friday, but some currency analysts are eyeing a short-term pullback in the greenback.
ZURICH, Feb 6- Swiss companies are cutting prices, asking suppliers for discounts, paying staff in euros and demanding new hours to protect profits from a soaring franc currency. The central bank last month abandoned its cap on the Swiss franc, causing the currency to strengthen and prompting firms across Switzerland to warn of a plunge in profits.
Jens Nordvig, global head of FX strategy and co-head of global markets research at Nomura Securities International, talks about "central bank activism" and when central banks will eventually raise rates.
The dollar edged up against a basket of currencies on Friday as investors looked to U.S. jobs and wages data.
James Ashley, chief economist at RBC Capital Markets, says Denmark is a completely "different kettle of fish" to Switzerland.
Denmark's central bank is reaching for bigger bazookas to battle the speculators betting it will be forced to abandon its currency's peg to the euro.
The euro eased versus the dollar, with the focus on whether U.S. jobs data laterwill bolster the case for the Fedto consider raising interest rates.
*Wall St up after jobless claims data, energy shares rise. NEW YORK, Feb 5- Stock markets around the world were mostly higher on Thursday as crude oil rebounded, but a plunge in Greek banking stocks took a toll on European equities after the European Central Bank's surprise decision to strike Greek bonds off its list of accepted collateral. The ECB move increases the...
*Traders speculate Swiss National Bank buying euros. *Traders shrug off concerns over Greece funding. NEW YORK, Feb 5- The U.S. dollar slipped against the euro while the euro rose against the Swiss franc on Thursday on speculation the Swiss National Bank was buying euros and as traders took a sanguine view on developments surrounding Greece.
LONDON, Feb 5- The euro rose strongly across the board on Thursday, gaining more than 1 percent against the Swiss franc, as traders speculated that the Swiss National Bank was again buying euros in order to weaken the franc. Having fallen around two U.S. cents late on Wednesday after the European Central Bank said it would no longer accept Greek bonds in return for...
Nick Hayek Jr, CEO of Swatch Group, says the Swiss Franc is a "psychological problem" following the SNB's recent move.
Discussing the threat of the Apple watch, Nick Hayek Jr, CEO of Swatch Group, shrugs off fears, saying Swatch will be ready.
ZURICH, Feb 5- Swiss watchmaker Swatch Group said on Thursday it was in a "strong position" and would maintain its dividend for 2014 despite a strong Swiss franc and a fall in net profit last year. Swatch Group, whose brands range from cheap colourful plastic watches to diamond-studded Blancpain timepieces, said it would further expand its manufacturing base in...
The dollar fell after suffering its biggest one-day fall in a year, under pressure from many fronts amid oil-fueled gains by commodity currencies.