Tag Archive: SNB sight deposits

A central bank running suicide ? SNB prints at pace never seen since EUR/CHF parity in August 2011

2012-06-04

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2012-06-04

Printing PressClick
  The most recent money supply data from the Swiss National Bank (SNB) has shown increases of huge amounts. As compared with its loss of 19 bln. francs in 2010 (3% percent of the Swiss GDP), the central bank printed tremendous 17.3 bln. in the week ending in June 1st and 13 bln. in the one …

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Huge rise in Currency Reserves: The SNB has restarted the printing press

2012-05-29

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2012-05-29

Euro Trash Recycled
The game for the Swiss National Bank seems to have changed completely. Again the central bank had increase money supply, as measured by deposits at the SNB by local banks and other sight deposits, this time even by 13219 mil. francs (source). This money printing implies that the SNB had to buy in Euros in …

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Will the SNB double or triple the forex reserves before they give in ?

2012-05-24

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2012-05-24

snb buying belling 2010-2012 chf, eur/chf
Some economists have claimed that the Swiss National Bank (SNB) will be always able to maintain the floor. As opposed to George Soros’ defeat of the Bank of England, the SNB is able to print money ad infinitum, whereas the BoE had limited currency reserves to support sterling. The question, however, is where this “infinitum” …

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Is the play time over for the SNB ? SNB Buys Euros Again, but the EUR/CHF does not move a pip

2012-05-20

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2012-05-20

monetary expansion snb
As also noticed by Credit Suisse, the Swiss National Bank had to buy euros and sell Swiss francs in the week of May 11th to May 18th. Their recent easy strategy to sell euros and buy Swiss Francs and to diversify from euros into other currencies may not continue.

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SNB buys Swiss Francs and sells Euro: Welcome to the EUR/CHF peg

2012-05-01

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2012-05-01

dailyfx long eur/chf q1 2012
Why the big Q1 loss of the SNB was actually a big win for the central bank Anybody watching the EUR/CHF exchange rate this year was wondering why the volatility the pair saw last year had completely left. The pair slowly fell from 1.2156 over 1.2040 at the end of Q1 to 1.2014 today. FX … Continue reading...

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EUR/CHF: A History of Interventions: August 2011: the Top

2011-08-31

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2011-08-31

8-16 gbp
  EUR/CHF Kicked Lower Again Hitting a new low this week of  1.1545 and is  down over 300 pips on the day. The moved largely initiated by a major swiss name earlier apparently in conjunction with a hedge fund. Comments from the Swiss Econ Min over the last hour hardly helping matters, after the govt aid package … Continue reading »

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