Switzerland

Officials from Japan and Switzerland have stepped up their rhetoric protesting the price action that has propelled their respective currencies sharply higher. Contrary to market anxiety the risk of intervention remains low and lower for the…

BBH CurrencyView North American Update US dollar mostly weaker versus majors USD/JPY reaches record low as uncertainty remains elevated; G7 to discuss Swiss franc stronger on safe haven bids; SNB remains on hold…

By Warren Mosler As previously discussed, the US should outlaw the use of libor by its banking system. It makes no sense to allow US dollar rate setting for our banks to be set overseas by the BBA. Setting our banking system’s dollar…

By Marc Chandler The Japanese nuclear accident has implications for Europe. The EU wants to have stress tests on members nuclear plants. The tests are not mandatory, but may be difficult to refuse. Switzerland has halted its nuclear…

by Marc Chandler A number of Indian banks have begun issuing Swiss franc denominated bonds, ostensibly to raise cheap funds and meet the demand in Europe for emerging market debt. Reports suggest that this is the first of such issues in…

from the BBH Currency Strategy Team The euro is slightly firmer today vs. the dollar today, but continues to make new historic lows vs. Swiss franc just below 1.25, suggesting that euro zone tensions remain strong. EM currencies continue…

by Marc Chandler The Swiss National Bank meets Thursday. A change in its monetary stance is not likely for several months at least. However, the SNB will provide new GDP and inflation forecasts that investors may find helpful. The Swiss…

I have written a few posts showing you the ranking for the big banks globally, with a special emphasis on Europe because of systemic risk. But here's a great bubble chart that gives you a visual on the relative size of the big banks…

In yesterday's daily note, David Rosenberg showed us this chart of the wild swings in the foreign exchange markets since the beginning of 2007. His interpretation of the chart is that it demonstrates a "series of rolling currency…

The BBH CurrencyView Highlights The Swiss franc rose to a record against the euro while the yen also continued to edge higher through the Asian session as some improved Japanese figures failed to dent the risk-off momentum. EUR/CHF…