Greece Impacts the Swiss Policy (ms)

Greece has been in the limelight with its possible exit from the Eurozone. In case of such scenario the Swiss National Bank is going to revise its policy.

Traditionally, traders consider the Swiss franc as a safe haven currency and the Eurozone debt crisis which has weakened the euro significantly, has put the Swiss currency rate higher.

It is clear that expensive franc is not favorable for the export-oriented economy. With the purpose of holding its currency the Swiss National Bank holds market interventions sticking to an optimal level of 1 franc 20 rapen per euro.

However, as many bank representatives suppose, in case Greece leaves the euro area, the ceiling may be corrected, as it will be harder for the regulator to retain this level.

The bank has created a special group which is to work for holding the franc rate. There was a similar case in 70-es when the bank prohibited to invest in local companies and the real estate and set negative deposit rates in a foreign currency. Another question is that these measures did not have success and only currency interventions could constrain the franc surging.

Kalendar dan ulasan

Trader’s calendar on March 28: Any winners in Trump’s tariff game?

Trader’s calendar on March 21: USD to stagnate while markets hesitate?

Trader’s calendar on March 20: USD to remain among gainers despite recent decline?

Trader’s calendar on March 19: Trump’s actions cause sell-off in USD

Trader’s calendar on March 18: Is USD strong enough to stay afloat?

Pilihan Pengarang

Being the capital and the largest city of the Republic of Moldova Chisinau became the center of attraction for Moldavians. Just like Rome, the city has been growing on seven hills along the river Bîc during six hundred years. As Bîc sounds pretty close to bull in Moldavian we could suppose that the locals prefer trading in an uptrend. Nowadays, locals of Chisinau want to take full advantage of the international currency market, so they are keen to take part in annual finance conferences arranged by InstaForex.

Sergey Kovalenko, trader at InstaForex, speaks about $1,000,000 he earned and his future plans (ShowFx World Exhibition in Kiev)

Trader’s calendar on March 28: Any winners in Trump’s tariff game?

Events

Video interviews

Economic calendar

Geography with InstaForex