Saturday , July 24 2021
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:

Cash writes SNB-Gewinn von 5 Mrd. Franken im zweiten Quartal erwartet

Von Marc Forster writes Immoblien – Wie Hypotharzinsen entstehen – und wie man mit diesem Wissen Geld spart

Cash writes SNB und SIX schützen Datenkommunikation vor Cyberrisiken

Cash writes Pandemie beschleunigt bargeldloses Bezahlen

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Your email address will not be published.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 *