Swiss Franc Weakens This Week, Reverses Downtrend by Weekend

The Swiss franc was down for the second week as prospects of peg of the currency to the euro significantly reduced appeal of the franc a safe asset.

Franc’s Rally Fails on Euro-Peg Speculation

The uncertain economic situation on market creates great demand for safer currencies. Governments, worried by resulting appreciation, attempt to intervene to rein excessive appreciation of such currencies. Today, the Swiss franc was one of the currencies that felt pressure.

Franc Falls for Second Day on Risk Sentiment

The Swiss franc weakened for the second trading session as the positive macroeconomic data from Europe boosted stocks and commodities, reducing investors’ need for safety of the franc.

Franc Gains as Markets Return to Risk Aversion

The Swiss franc snapped its decline today as the speculation about potential slowdown of the global economic growth returned attractiveness to safe currencies.

Franc Falls as Bernanke Improves Sentiment on Markets

Friday, August 26th, 2011 The Swiss franc slumped today after Federal Reserve Chairman Ben. S. Bernanke spoke today, improving sentiment on markets, while rumors abound that Switzerland’s policy makers are preparing another action to weaken the Swiss

Franc Rallies as SNB Doesn’t Intervene

The Swiss franc gained today for the second day, snapping yesterday its three-day downfall versus the US dollar and the euro, as the Swiss National Bank hasn’t announced new measures to curb franc’s strength.

Franc Jumps as US Payrolls Show Zero Growth

The Swiss franc climbed today against the US dollar, extending its rally for the third day, after the non-farm payrolls showed that US employers weren’t adding jobs last month.

Record Drop of Franc After SNB Pegs Currency to Euro

The franc plunged today, posting the biggest decline against the euro in all times, after the Swiss National Bank decided to set limit of franc’s appreciation versus the euro.

Franc Considered Overvalued Even Pegged to Euro

The Swiss franc fell today against most major currencies as Economy Minister Johann Schneider-Ammann said that the currency is “massively overvalued” even after the central bank pegged the franc to the euro. The franc advanced against the euro today.

SNB Maintains Rates at Zero, Franc Strengthens

The Swiss franc rose today even after the Swiss National Bank left the benchmark interest rate at zero at pledged to maintain the peg of the nation’s currency to the euro.

Swedish Krona Down on Eurozone Optimism

The Swedish krona fell for another day this Wednesday as optimism in the Eurozone and negative releases in the Nordic country declined attractiveness regionally for assets in Sweden.

Krona at Two-Year Record on Outlook for Monetary Tightening

The Swedish krona rose today to the highest level in two years versus the US dollar on the speculation that the central bank would perform its monetary tightening plans and as the economic data was favorable.

Retail Sales Bolsters Swedish Krona & Bets on Rates Hike

The Swedish krona gained today after the report showed the retail sales grew more than predicted, increasing the probability of the interest rates hike.

Swedish Krona Reaches 10-Year High vs. Euro

The Swedish krona rose for the second day versus the US dollar and reached the highest level in 10 years against the euro on the speculation that the strong global economic growth will increase demand for Sweden’s assets.

Swedish Krona Gains as Economic Growth Exceeds Forecasts

The Swedish krona strengthened today, rising to the highest level in two and a half years versus the US dollar, after the report showed that Sweden’s economic growth beat forecasts.

Swedish Krona Fell as Inflation Pressure Recedes

The Swedish krone declined today as the inflation pressure weakened, reducing need for the central bank to increase the interest rates.

Swedish Krona Rises with Better Growth Outlook

The Swedish krona strengthened today after the government raised its growth forecast for the nation’s economy, adding to reasons for the central bank to raise its interest rates.

Swedish Krona Surges to 2.5-Year Record on Higher Rates

The Swedish krona jumped to the highest level in more than two and a half years after the central bank raised the interest rates to slow the inflation.

Swedish Krona Falls on Growth & Interest Rates Outlook

The Swedish krona today fell against all its

most-traded peers as the government slashed its growth forecast for the nation’s economy, spurring speculation that the central bank won’t be able to increase lending rates.

Swedish Krona Falls as Manufacturing Declines

The Swedish krona fell as the report showed that manufacturing in Sweden contracted last month, reinforcing outlook that the nation’s central bank would cut interest rates.