Central Bank Watch
Swiss National Bank Quarterly Monetary Policy Review Leaves Settings in Place
March 20, 2014
Swiss monetary policy settings were left unchanged, and the released statement contained many elements common to recent quarterly reviews other than the retention of cap of 1.2000 francs per dollar to be defended by unlimited intervention if necessary, a 3-month Libor interest rate target range of 0.0-0.25%, and a point interest rate target pinned at […] More
New Overnight Developments Abroad - Daily Update
Broadly Stronger Dollar in Wake of Yellen’s Press Conference
March 20, 2014
The dollar shows overnight advances of 1.4% against the Swiss franc, 1.3% versus the kiwi, 1.2% vis-a-vis the euro and Australian currency, 0.9% against the loonie, 0.8% versus sterling, 0.7% against the yen, and even 0.6% relative to the Chinese yuan. Share prices fell by 2.5% in Indonesia, 1.8% in Hong Kong, 1.7% in Japan, […] More
