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Swiss Franc

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  • 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.

  • Euro gains vs dollar as traders eye Fed for rate clues Tuesday, 17 Mar 2015 | 5:53 AM ET
    A cashier counts euro banknotes in Vilnius, Lithuania.

    The euro rose for a second day against the dollar on Tuesday as investors awaited the start of a two-day U.S. Federal Reserve policy meeting.

  • NEW YORK, March 16- Everest Capital, a hedge fund firm founded in 1990 that counted George Soros and Nelson Peltz as early backers, is closing six of its seven remaining hedge funds because of bad bets on the Swiss franc, according to CNBC, which cited a private letter sent to investors on Feb. 24. Everest, which overall managed more than $3 billion at the end of December,...

  • ZURICH, March 16- Switzerland's finance minister said on Monday the government may try to meet more often with the Swiss National Bank but that it had not asked the SNB to introduce a new cap on the Swiss franc. The central bank's shock decision on Jan. 15 to abandon its longstanding cap on the currency's value against the euro has raised fears for the...

  • PARIS/ ZURICH, March 16- Holcim called a halt on Monday to its merger with Lafarge, pressing the French company to renegotiate the deal terms and putting their plan to create the world's biggest cement maker at risk. But since then, diverging results, share prices and a surge in the Swiss franc against the euro have strengthened Holcim's position and led its largest...

  • Dollar closer to euro parity, DXY up about 1% Friday, 13 Mar 2015 | 3:38 PM ET

    The euro extended its losses against the greenback on Friday as it traded under $1.05.

  • Watch out Apple! Swatch joins smartwatch war   Friday, 13 Mar 2015 | 1:37 AM ET
    Watch out Apple! Swatch joins smartwatch war

    Jon Cox, head of European Consumer Equities at Kepler Cheuvreux, discusses whether the tech-enhanced timepiece unveiled by Swatch on Thursday could threaten Apple's smartwatch line.

  • Why was the SNB's dramatic rate cut a good move?   Thursday, 12 Mar 2015 | 8:00 PM ET
    Why was the SNB's dramatic rate cut a good move?

    Jonathan Webb, head of FX strategy at Jefferies, talks about the Swiss National Bank's decision to cut rates and how it relates to the weakening euro and strong U.S. dollar.

  • Dollar rally stalls, euro climbs from 12-year low Thursday, 12 Mar 2015 | 3:21 PM ET

    The euro extended gains against the dollar after surprisingly weak February retail sales data, recovering from an earlier 12-year low in Asian trade.

  • Euro slides further on record negative bond yields Wednesday, 11 Mar 2015 | 4:26 PM ET
    A cashier counts euro banknotes in Vilnius, Lithuania.

    The euro extended its unrelenting fall, dropping 1 percent to below $1.06 for the first time in 12 years as the ECB's QE program hammered bond yields.

  • Euro could fall to 85 cents against dollar: Expert Wednesday, 11 Mar 2015 | 12:04 PM ET
    Cash transaction retail

    Here's why the euro will continue to weaken, Deutsche Bank's George Saravelos told CNBC.

  • Euro falls below $1.07, lowest amount in 12 years Tuesday, 10 Mar 2015 | 3:09 PM ET

    The euro hit a 12-year low against the dollar after falling below $1.07 as the ECB continued its QE program.

  • QE effect sinks euro below $1.08, Greek worries Tuesday, 10 Mar 2015 | 6:08 AM ET

    The euro sank below $1.08 for the first time in almost 12 years, as the latest round of dollar gains brought into focus a run towards parity.

  • Dollar reaches fresh highs on data as euro tumbles Friday, 6 Mar 2015 | 3:20 PM ET

    The dollar jumped to an 11-1/2 year high as U.S. employment growth bolstered market sentiment that the Fed was closer to raising interest rates.

  • Euro sinks below $1.10; USD hits 11-1/2 year peak Thursday, 5 Mar 2015 | 3:52 PM ET

    The euro fell on Thursday below $1.10 for the first time since 2003 and the U.S. dollar added to gains.

  • ZURICH, March 5- Switzerland's government will seek to coordinate more closely with the independent Swiss National Bank after the latter's shock decision to drop its cap on the Swiss franc, according to a confidential policy resolution seen by Reuters on Thursday. A government spokesman denied on Wednesday that Bern had asked the central bank to introduce a...