The Swiss National Bank chairman Thomas Jordan said during an interview with Bloomberg TV that the bank doesn’t engage in currency manipulation through foreign currency purchases. “We do not manipulate the currency, but we have to intervene to steer monetary conditions in Switzerland,” he told Bloomberg TV during the Davos […]
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Pound Struggles for Traction – 23 January 2020
The Pound Sterling had earlier recovered from a 1-month trough against the common currency Euro of the previous session, as this week’s economic data reduced the likelihood that the Bank of England will cut interest rates at the upcoming policy meeting. Money markets are now pricing in a 50% likelihood […]
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Market Struggle Continues as Coronavirus Death Toll Rises – 23 January 2020
The death toll for those hit by the China-born coronavirus surged to 17 on Wednesday, from 11 earlier in the week, sending ripples of concern across the globe. The concern stems from several factors. Firstly, there is no known vaccination for the disease, and no confirmation of its exact origin, […]