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Day: March 19, 2015
March 192015
Performance of Swiss Franc Mixed After SNB Policy Meeting
The Swiss National Bank kept its monetary policy unchanged at today’s meeting, leaving interest rates in the negative territory. The Swiss franc fell against the US dollar after the announcement but gained on the euro and was little changed against the Japanese yen. The SNB kept borrowing costs unchanged today, mentioning that negative interest rates make the franc less attractive as an investment option. Still, the central bank said in the statement: Overall, […]
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March 192015
Aussie Falls Back After Earlier Leap
The Australian dollar leaped higher earlier on the news that the Federal Reserve was revising its economic forecast. Now, after a jump, the Aussie is down against the dollar and the pound, although it is still higher against the euro. Aussie got a boost after the Federal Reserve released its statement yesterday. Indeed, a number of currencies surged higher against the greenback after the Fed announcement. Things have settled down again for the Australian […]
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March 192015
Japanese Yen Gains Ground After Export Report
Japanese yen is gaining ground today, heading higher against European currencies following the latest export report, and ahead of the release of the Bank of Japan minutes from the latest meeting. Right now, Japan is still trying to navigate its economy and figure out what to do next. A recent export report from Japan indicates that exports rose for another month, but that volumes are falling. The policy that Japan […]
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