Tag: franc

Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) SNB Upholds Ultra-Loose Policy The Swiss franc was up 0.2% to 1.12127 per euro on Thursday following Swiss National Bank (SNB) president, Thomas Jordan’s, announcement to maintain loose monetary policy. In an interview with Bloomberg, Jordan […]

Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) Euro Climbs Following Draghi’s Rate Hike Delay On Thursday, the euro climbed 0.6%, reaching a seven-week high of $1.1290 against the USD. This increase in value came following ECB President Mario Draghi’s announcement that the ECB […]