Swiss Franc Shock Shuts Some FX Brokers; Regulators.
LONDON/HONG KONG (Reuters) - Retail foreign exchange brokers from New Zealand to New York were nursing hefty losses from the Swiss National Banks shock move to abandon a cap on its currency, with some even��.
Current Swiss Franc Rate No Threat to Erste Results, Bank Says
Austrian lender Erste Group Banks results will not take a big hit if the Swiss franc holds around current exchange rates against the euro, it said on Thursday.
Watch Swiss franc break out - NBC News.com
Boris Schlossberg, BK Asset Management, shares his outlook on oil and the Swiss franc.
Franc Fallout Boosts Dollar on Growing Demand for Haven
The dollar traded 0.6 percent from an 11-year high against the euro after the Swiss National Bank roiled financial markets by unexpectedly scrapping the francs cap, spurring demand for safer investments. The single currency headed for its biggest.
Trader: Two ways to profit from Swiss Franc surge
History was made yet again last night as the Swiss National Bank decided to abandon its policy of pegging its currency, or in other words, ceased and desisted its cap of 1.20 franc per euro. This was a real doozy for those of us awake and trading in.
Barclays Lost Tens of Millions of Dollars on Swiss Franc Moves: Source
British bank Barclays lost tens of millions of dollars from the volatile moves in the Swiss franc on Thursday, an industry source said on Friday.
Euro Crashes Against Swiss Franc - advfn
The Swiss central bank has pulled the plug on the euro and the euro has dived across the board and crashed against the Swiss franc. So this is the background. During the euro crisis huge waves of hot money swamped the��.
FX Broker Alpari UK Enters Into Insolvency After Swiss Franc Shock
Retail currency broker Alpari filed for insolvency on Friday after a majority of its customers sustained losses after the Swiss National Banks decision on Thursday abandon the three-year old cap against the euro.
Denmark May Cut Rates After Swiss Drop Franc Cap-Analysts
The Danish central bank might be forced to cut its deposit rate to stop the crown appreciating after the Swiss National Bank (SNB) shocked markets by scrapping the francs cap against the euro on Thursday, analysts said.
SNB slaps charge on Swiss franc stockpilers - SWI swissinfo.
The growing allure of the franc for international investors has forced the Swiss National Bank (SNB) to introduce negative interest rates as it.
HSBC Clients Profit From Swiss Franc Error, Papers Say
HSBC Holdings Plc (HSBA) is investigating reports that customers in Hong Kong bought the Swiss franc below market rates when an online banking system failed to keep up with the currencys gains after the removal of a cap. Apple Daily and the Hong Kong .
Europe Demands Banks Hand Over Their Lunch Money.
And dont do it again! Having confirmed that RBS, UBS, JPMorgan,,and Credit Suisse operated a cartell to manipulate bid-ask spreads of Swiss Franc libor, the European Commission has unleashed unmerciless vengeance��.
Factbox: Swiss Franc Shock Takes Toll on Retail FX Brokers
The Swiss National Banks abrupt move on Thursday to abandon its cap on the Swiss franc led to massive losses, and at least one insolvency, among retail foreign exchange brokers and trading houses across the globe.
Swiss Franc Surges as Gold Jumps - Ya Libnan
The Swiss franc strengthened to a record against the euro after the central bank ended its minimum exchange rate. Swiss stocks tumbled and shares from Germany to the U.K. rebounded with gold, while U.S. equity futures��.
The Short Answer What Happened With the Swiss Franc?
The Swiss National Bank shocked markets Thursday by abandoning the cap it had set for the past three-and-a-half years on the Swiss francs value against the euro. The decision came despite repeated assurances from SNB officials in recent months that.
Swiss Franc Surges to Record as SNB Ends Euro Cap.
franc_currency_symbol_index_blue_background. Switzerlands franc jumped to a record high against the euro after the Swiss National Bank unexpectedly abandoned its minimum exchange rate versus the shared currency.
Swiss Franc Jumps 30 Percent After Swiss National Bank Dumps Euro Ceiling
Switzerlands franc soared by almost 30 percent in value against the euro on Thursday after the Swiss National Bank abandoned its three-year old cap at 1.20 francs per euro.
Thursday Freak-Out ��� Swiss Franc Jumps 20% in One Hour.
That one was more luck than skill as the Swiss National Bank made a VERY SURPRISING announcement that they were removing their 3+-year currency peg to the Euro and that sent the EUR/CHF pair from the usual 1.20 all��.
Today is a very good day to have a pocket full of Swiss francs
SWITZERLANDS CENTRAL BANK today scrapped a three-year bid to hold down the value of its currency against the euro, in a shock announcement that set off panic in the markets. Minutes after the bank said it was��.
SNBs Jordan Expects Swiss Franc to Ease From Current Levels
Swiss National Bank (SNB) Chairman Thomas Jordan said he expected the Swiss franc to ease after it soared on Thursday following the central banks decision to abandon its three-year-old cap against the euro.
Swiss Franc U-Turn Is A Realistic Move As SNB Cannot Stop The Tide
The Swiss central bank spooked the currency market and stock markets by its sudden decision to remove a cap on the Swiss franc, but in the end the bank did nothing more than acknowledging the obvious. It could have continued throwing money at buying .
Franc Surge Spoils Luxury-Watch Party as Swiss Costs Mount
The decision to end the minimum exchange rate between the Swiss franc and the euro means luxury timepiece makers in the Alpine country face one of their most challenging years. Shares of Richemont, the parent company of watch brands including .
Swiss Franc Goes Off Euro - January 15, 2015 - Zacks.com
This morning, the Swiss National Bank has made the surprise decision to remove its long-standing exchange rate of 1.20 Swiss francs to 1 euro. This jolt to the Eurozone sent Swiss stocks falling 11 percent.
UPDATE 2-Hedge funds, speculators face big losses on SWISS FRANC rally
NEW YORK/LONDON Jan 15 (Reuters) - Currency speculators and global macro hedge funds with large short positions in the Swiss franc are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a .
Swiss Franc Surge Hits Emerging Europe Bank Sector
The Swiss central banks surprise move to let the franc surge sent shock waves through the banking sector in central and eastern Europe (CEE), where widespread mortgages denominated in francs suddenly became much harder to service.
Zurich Voters Reject Credit for Airline
Zurich voters turned down a plan today to extend as much as 50 million Swiss francs ($30 million) in credit to the countrys new national airline, Swiss. The proposal was defeated 25,821 to 24,019 in the referendum in Zurich, the countrys most populous municipality, with about 300,000 residents.. Zurich voters reject plan to lend up to 50 million Swiss francs ($30 million) to new national airline, Swiss; credit was part of 4 billion franc rescue package; voters in city and surrounding state approved separate 300 million franc credit two months ago; Swiss says vote will not affect operations (S)
Hedge Funds, Speculators Face Big Losses on Swiss Franc Rally
Currency speculators and global macro hedge funds with large short positions in the Swiss franc are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on the currency.
ABB Sees Limited Impact of Strong Swiss Franc Against the Euro
ABB said on Thursday it expected the impact on its business of the Swiss francs appreciation against the euro to be limited, in the wake of the Swiss National Banks surprise move to scrap its three-year-old currency cap.
Swiss franc soars after central bank action - BlackListed News
The franc soared against the euro and Swiss stocks plunged more than 13 percent by midday after the removal of the Swiss franc-euro floor was announced by the central bank. After appreciating more than 30 percent,��.
Large Negative Effect for Switzerland After Franc Cap Ends: UBS
The Swiss National Banks decision to scrap its 1.20 per euro cap on the Swiss franc will have a large negative impact on the Swiss economy, the Chief Investment Officer of Swiss bank UBS said on Thursday.
Swiss-Franc Move Cripples Currency Brokers
FXCM Inc., the biggest retail foreign-exchange broker in Asia and the U.S., said in a statement that due to unprecedented volatility in the euro against the Swiss franc, its losses left it with a negative equity balance of around $225 million and that.
Why The Swiss Franc Shot Up 30% In A Morning
���This,��� says James Stanton, head of foreign exchange at deVere Group, ���is the biggest FX shocker in years.��� He is referring to the extraordinary climb of 30% by the Swiss Franc, one of the worlds most important safe haven currencies, against the euro.
Swiss Central Bank Announces Negative Interest Rates to Stem Flight Into Franc
Switzerlands central bank said it would start charging banks for deposits in francs for the first time since the 1970s, hoping to stem a flight to the safe-haven currency driven by concern over the euro zone and Russias deepening crisis.
Cost to Hedge Against Price Swings in Swiss Franc, Euro Soars
The cost to hedge against volatility in the Swiss franc over the coming month spiked to its highest in over three years on Thursday after the Swiss National Bank abandoned its three-year old currency cap.
Swiss franc soars after SNB drops cap on currency
The Swiss franc soared nearly 28 percent against the dollar on Thursday after Switzerlands central bank dumped a three-year-old cap on the francs value against the euro, sending shockwaves through currency markets and pummelling traders who had bet .
Swiss Franc Surges to Record Versus Euro as SNB Opens Floodgates
It was the most dramatic day of trading for Switzerlands franc since its neighbors introduced the euro 16 years ago. The franc surged the most on record and reached its strongest-ever level against the 19-nation shared currency as cash flooded over.
UPDATE 1-Asia FX brokers hit hard by SWISS FRANC shock, regulators probe
(Adds comments from banks and brokers, details of losses). By Elzio Barreto. HONG KONG Jan 16 (Reuters) - Some retail foreign exchange brokers and trading houses in Asia have been hit by massive losses from Swiss National Banks (SNB) sudden move .
Pending Deals Seen Unaffected by Swiss Franc Leap
Deals involving Swiss companies Sika and Holcim were expected to survive the impact of a shock decision to scrap a cap on the franc, said several analysts and banking sources involved in such transactions.
Why the SWISS FRANC cant escape being a safe haven
You cant bet against a central bank was what I heard frequently when the Swiss National Bank rather successfully maintained a cap on the Swiss franc of 1.20 to the euro for three years. But, now dramatically, it has surprised markets by scrapping.
Forex update: SWISS FRANC falls to parity versus US dollar
Swiss franc aims 0.9021 in case of a correction off channel resistance. Upward, 1.040 will be the first stop.
Exporters fear Swiss franc tsunami
When the Swiss National Bank said in 2011 that it would stop the Swiss franc strengthening beyond SFr1.20 to the euro, Swiss companies heaved a sigh of relief. Besides reducing the risk of deflation, the move gave Swiss exporters, who send 56 per cent.
Factbox: CEE exposure to SWISS FRANC lending
BUDAPEST (Reuters) - Switzerlands surprise move to scrap a cap on the franc sent the currency surging, hitting the banking sector in central and eastern Europe, where widespread mortgages denominated in francs suddenly became much harder to service.
Hedge Funds, Speculators Face Big Losses on Swiss Franc Rally
Currency speculators and global macro hedge funds with large short positions in the Swiss franc are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on the currency.
The Swiss franc: global reserve or gourmet currency? - SWI.
As Russia considers dropping the dollar, could the Swiss franc become the worlds reserve currency?
Swiss mess could make oil plunge seem like minor hiccup.
One day, its gold. The next, its equities. Most days, its crude. On Wednesday, it was copper. On Thursday it was the Swiss franc and Swiss stocks. And the move in those two makes those others look like minor-league hiccups��.
Gold, Swiss Franc Fall After Swiss Referendum - Business.
TOKYO (Reuters) - Gold prices fell the most in more than three weeks and the Swiss franc dipped slightly on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum. The measure��.
Swiss Franc Shock Shuts Some FX Brokers; Regulators Investigate
Retail foreign exchange brokers from New Zealand to New York were nursing hefty losses from the Swiss National Banks shock move to abandon a cap on its currency, with some even being forced out of business.
From Watchmakers to Ski Resorts, Swiss Firms Hammered by Franc Surge
Switzerlands companies warned of a plunge in exports, tourist revenues and profits after the countrys central bank scrapped its cap on the Swiss franc, sending the currency soaring up to 30 percent and crushing their competitiveness in world markets.
Swiss Central Bank Tries Again to Weaken Franc
For the second time in two weeks, the Swiss National Bank tried to lower what it considers a massively overvalued franc, which it said threatens the economy.
Cost to Hedge Against Price Swings in Swiss Franc, Euro Soars
The cost to hedge against volatility in the Swiss franc over the coming month spiked to its highest in over three years on Thursday after the Swiss National Bank abandoned its three-year old currency cap.
Swiss Franc Trading Above Its MAs | Investing.com
Forex Analysis by GCI Financial covering:. Read GCI Financials Forex Analysis on Investing.com.
Euro Crashes Against Swiss Franc
The Swiss central bank has pulled the plug on the euro and the euro has dived across the board and crashed against the Swiss franc. The Swiss franc has exploded against all currencies up 13% against the dollar as I write. At one stage it was down.