USD/CHF reversed its course and surged nearby 0.9300 on Credit Suisse’s risk aversion

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

USD/CHF reversed its course and surged nearby 0.9300 on Credit Suisse’s risk aversion – by christianborjon USDCHF Majors Macroeconomics RiskAversion Sentiment

stock plunged 24% in an interview with one of its top shareholders, saying they won’t increase their stake at the bank due to regulation. At the time of writing, the USD/CHF is trading at 0.9287, up by 1.61% or 145 pips.The market sentiment remains sour, as portrayed by Wall Street, extending its losses.

Therefore, safe-haven flows bolstered the US Dollar , with the US Dollar index advancing 1.13%, at 104.836. However, US Treasury bond yields have been punished by investors, with US 2s and 10s extending their losses, each down by 37 basis points and 24 bps, respectively, at 3.889% and 3.453%. Aside from this, the latest news crossing wires said that the Swiss Regulator FINMA would likely make a statement on Credit Suisse soon.

As of typing, the Swiss National Bank and the Swiss Financial Market Supervisory Authority issued a statement. It says: “Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks. If necessary, the

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD/CHF surges to fresh weekly top as Credit Suisse rattles markets and boosts USDUSD/CHF surges to fresh weekly top as Credit Suisse rattles markets and boosts USD – by hareshmenghani USDCHF RiskAversion Fed Majors Currencies
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/CHF Price Analysis: Buyers moved in, but sellers are loomingUSD/CHF trims some of its Monday losses and shifts positively on Tuesday, gaining 0.47%. The USD/CHF is trading at 0.9151 after hitting a daily low of
Source: FXStreetNews - 🏆 14. / 72 Read more »