SNB Flags Franc Carry-Trade Appeal as FX Intervention Readiness Eases - ActionForex
2 Articles
2 Articles
The Swiss National Bank (SNB) decided at its September meeting that the demand for the franc as a safe haven following the outbreak of war in the Middle East had subsided, making it no longer necessary to float the possibility of foreign exchange market intervention. The central bank therefore left its base rate at zero, Bloomberg reports.
SNB Flags Franc Carry-Trade Appeal as FX Intervention Readiness Eases - ActionForex
Swiss National Bank’s September monetary policy discussions highlighted how widening international interest-rate differentials and low exchange-rate volatility had increased the attractiveness of Swiss Franc as a “funding currency in carry trades.” Franc depreciated approximately 3% in trade-weighted terms between June and September, reflecting the growing appeal of borrowing in the low-yielding currency. Although Swiss market […]
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