Monthly Archive: November 2012

Jordan: Dropping Peg Is Premature

2012-11-03

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2012-11-03

Jordan in the ECO interview
The Swiss National Bank's cap on the franc of 1.20 per euro remains the right policy tool for now and talk of dropping it is premature, Chairman Thomas Jordan said. See  Reuters

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The Shrinking Half-Life Time of Central Banks Actions

2012-11-03

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2012-11-03

Shrinking Half Life Time Central Banks Actions
The Shrinking Half Life Time of Central Banks Actions: Zerohedge

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SNB Results Q3 2012: SNB Radically Reduces Euro Share from 60% to 48%

2012-11-02

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2012-11-02

snb q3 breakdown in currencies usd eur gbp
SNB Q3 Profits: 10 billion francs   The Swiss National Bank (SNB) radically reduced its euro share, in the third quarter from 60% to 48%, and bought US dollars and sterling instead. In the second quarter, however, it increased the euro share from 51% to 60% and concentrated on buying euros. Given that the EUR/USD was … Continue reading...

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Swiss and German Economic Indicators, Update November 1

2012-11-01

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2012-11-01

Swiss & German Economic Indicators, August 2012
Euro Crisis Has Affected Germany, Switzerland Still Immune    Most Recent Events The Swiss SVME PMI has risen from 43.9 to 46.1. This PMI  is dominated by machinery, metallurgical and electric equipment exporters organized in the Swissmem organization. As opposed to the chemical industry, they were not innovative enough to adapt to the stronger franc; but …

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