Eamonn Sheridan

Articles by Eamonn Sheridan

CHF traders take note – SNB Chair Jordan is speaking on Tuesday

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While the focus was on Powell Tuesday there were also remarks from the ECB and SNB

Swiss National Bank Chair Jordan threatened FX intervention!

A couple of posts from Tuesday ICYMI while Powell was hogging the spotlight:

ECB Knot: ECB can be expected to keep raising rates for quite some time after March

ECB can be expected to keep raising rates for quite some time after March

And, SNB Chairman: We cannot rule out that we will have to tighten monetary policy again

We can use interest rates but also sell foreign currencies to get the right monetary conditions

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Swiss National Bank meet this week, a 100bp rate hike on the table – CHF impact

The SNB policy decision is due on Thursday. Via MUFG Bank:CHF has been the top performing G10 currency so far this month as it has strengthened sharply against both the EUR (+2.2%) and USD (+1.5%). It has regained upward momentum against our equally-weighted basket of other G10 currencies after a period of consolidation at higher levels between July and August.

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Swiss National Bank President Jordan warned of persistently higher inflationary pressure

Swiss National Bank President Thomas Jordan spoke at the Federal Reserve’s annual Jackson Hole symposium on Saturday.“Structural factors such as the transition to a greener economy, rising sovereign debt worldwide, the demographic transition and ultimately also the fact that globalization appears to have peaked — at least temporarily — could lead to persistently higher inflationary pressure in the coming years”

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