Sunday , January 19 2020
Home / SNB & CHF / US Treasury adds Swiss Franc back to its currency watch list – Bloomberg

US Treasury adds Swiss Franc back to its currency watch list – Bloomberg

Summary:
The US Treasury on Monday added Swiss Franc (CHF) back to its currency watch list and urged Switzerland to adjust its macroeconomic policies to more forcefully support domestic economic activity, according to Bloomberg. The Treasury report released Monday said: Despite borrowing costs for the Swiss government being among the lowest in the world, fiscal policy remains underutilized, even within the constraints of Switzerland’s existing fiscal rules. The Swiss Franc is currently trading at 0.9705 against the US dollar, having gained 0.2% on Monday. The Swiss currency is less than 1% away from the 15-month high of 0.9665 reached last week. Related posts: Pound to Swiss Franc forecast: Investors flock to the CHF, will the

Topics:
Omkar Godbole considers the following as important: , , , ,

This could be interesting, too:

Omkar Godbole writes SNB can leverage its balance sheet if needed, Schlegel says

Cash writes Hartnäckige Frankenstärke – Auf der Suche nach den mysteriösen Franken-Käufern

Anil Panchal writes USD/CHF Price Analysis: Buyers look for entry beyond 0.9650/55

Le News writes Swiss National Bank expects annual profit of 49 billion francs

US Treasury adds Swiss Franc back to its currency watch list – BloombergThe US Treasury on Monday added Swiss Franc (CHF) back to its currency watch list and urged Switzerland to adjust its macroeconomic policies to more forcefully support domestic economic activity, according to Bloomberg.

The Treasury report released Monday said:

Despite borrowing costs for the Swiss government being among the lowest in the world, fiscal policy remains underutilized, even within the constraints of Switzerland’s existing fiscal rules.

The Swiss Franc is currently trading at 0.9705 against the US dollar, having gained 0.2% on Monday. The Swiss currency is less than 1% away from the 15-month high of 0.9665 reached last week.


Tags: ,,

Leave a Reply

Your email address will not be published. Required fields are marked *