Thomas Jordan, chairman of the Swiss National Bank, explains why discontinuing the minimum exchange rate was the right decision.
Amid a sharp selloff in the bond market, players in Europe's low-yielding papers have gotten their fingers burned, big time.
Bond markets have sold off globally, but there's an odd duck standout: the negative-yielding, Swiss-franc-denominated bond recently sold by Poland.
The dollar dropped to an eight-week low after a weak U.S. consumer confidence report.
The dollar edged upward after a jump in U.S. home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates.
Rebounding from steep losses in the previous session on a cautious Fed statement on interest rates, the dollar rose broadly.
Switzerland’s sudden axing of its exchange rate cap in January has not harmed the central bank’s reputation, its chairman told CNBC on Thursday.
Thomas Jordan, chairman of the Swiss National Bank, says it's now obvious that scrapping the FX cap in January was "the right decision."
When asked whether the Swiss National Bank is transparent enough, Thomas Jordan, chairman of the SNB, stressed it was accountable to parliament.
Thomas Jordan, chairman of the Swiss National Bank, says he hopes inflation will move higher over time.
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."
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.
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.
Some central banks have cut interest rates into negative territory to eke out economic growth, but unintended, counterproductive outcomes may emerge.
European markets are doing well, despite the recent clashes between Greece and the euro zone.
CNBC talks to the CEOs of Credit Suisse and Zurich Insurance, and Switzerland's Economy Minister about the Swiss National Bank's decision to drop its currency peg last month.
The most powerful woman in hedge funds is off to a red-hot start at the helm of her own firm.
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.
Nick Hayek Jr, CEO of Swatch Group, says the Swiss Franc is a "psychological problem" following the SNB's recent move.