swiss franc

Swiss National Bank likely intervening to weaken franc: UBS

[ZURICH] The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group.

SNB president Martin Schlegel and colleagues had signalled as recently as March that they were probably finished with easing, but the currency’s role as a haven from turmoil forced their hand.

Swiss National Bank cuts interest rate to zero in effort to stop franc inflows

The quarter-point reduction is the sixth consecutive move by officials

The dollar was last down 0.7 per cent against the Swiss franc at 0.8175 francs, just slightly above Friday’s 10-year low.

Greenback under pressure; safe havens outperform

It lost the most ground to the Swiss franc and the euro

The yen on Monday was 0.7 per cent firmer at 147.035 per dollar, having reached 146.94 on Friday, its strongest in five months.

Tariff and growth worries boost safe-haven yen, Swiss franc

THE Japanese yen and Swiss franc strengthened against the US dollar on Monday (Mar 10), as traders flocked to safe-haven currencies due to lingering worries over tariffs and a US economic slowdown, wh...

The US dollar index is little changed at 106.58, a day after a US inflation reading cemented bets for a rate cut from the Federal Reserve next week.

Euro, US dollar steady before ECB decision, Swiss franc falls on large rate cut

THE US dollar was broadly steady on Thursday (Dec 12) while the euro traded a touch higher before the European Central Bank’s (ECB) monetary policy decision later in the day, where a quarter-point rat...

The dollar index, which measures the currency against the yen and five other major peers, rose 0.2 per cent to 106.34.

US dollar steadies, Aussie drops after RBA, Chinese trade data

THE US dollar rose on Tuesday (Dec 10) ahead of US inflation data which could offer clues about the Federal Reserve’s monetary easing path, while analysts assess the likely impact of Donald Trump’s po...

Most global investments are still denominated in US dollars, which means at times of volatility, investors withdraw to its safety.

Finding a haven in selected currencies

The US dollar, yen and Swiss franc can be valuable components in a basket of safe-haven assets within a diversified portfolio

The yen jumped 0.5 per cent versus the dollar and 0.8 per cent against the euro, hitting its highest since Oct 4 at 161.50.

Investors rush into safe-haven currencies after Kremlin nuclear doctrine

INVESTORS rushed into safe-haven currencies, including the US dollar, the Swiss franc and the yen, after a warning from Russia over its updated nuclear doctrine.

The dollar index, which measures the currency against six top counterparts including the euro and yen, added 0.3 per cent to 106.79, and briefly touched 107, its highest since early November 2023.

US dollar marches on, Trump trade momentum undimmed

THE US dollar continued its relentless march higher on Thursday (Nov 14), trading at a one-year high against major peers and headed for a fifth straight daily gain fuelled by higher yields and Donald ...

The dollar index, which measures the currency against the euro, sterling, yen and three other major peers, eased 0.2 per cent to 100.73.

US dollar edges down before Fed speakers, data; Swiss franc rises after SNB

THE safe-haven US dollar edged down on Thursday (Sep 26) on increasing risk appetite with traders looking ahead to speeches from key Federal Reserve policymakers and economic data for clues on the pac...