No longer a haven? The recent fall and fall of the Swiss Franc sparked a Russian
if you are interested in it ,
Get free samples :sales@edabearings.com
The Swiss Franc may be losing its place of risk, especially for the Russian giants who are facing increasing risk of sanctions. For a long time, the Swiss Franc has been a very dangerous asset for a very long time, and it has also been used for tax avoidance.
The Swiss Franc fell to 1.20 Swiss francs in April 19th against the euro, which is the Swiss franc's cancellation of the euro's exchange rate limit in January 2015.
The recent decline in the Swiss Franc attracted special attention as it happened just as geopolitical tensions rose sharply. This situation will trigger a surge in the Swiss Franc in the past year, because the Swiss franc is one of the assets that can be preserved in troubled times.
But this year, the Swiss Franc has fallen by 2.5% against the euro. Gold and yen, also seen as risk averse assets, rose by nearly 5% respectively. Even before the US led a military strike against Syria and a series of severe sanctions against Russian enterprises, it failed to raise the Swiss Franc exchange rate.
For many people, the reason is simple. When the European central bank ended its debt purchase plan later this year, the Swiss central bank would not follow suit if it would follow up tightening policy. Central bank president Jordan (Thomas Jordan) stressed that the end of ultra loose policy was not included in the agenda.
Some believe that the bet on the Swiss Franc has returned to the team again, leading to a particularly weak exchange rate. The latest data from the Commodity Futures Trading Commission (CFTC) show that the franc clearance has nearly doubled to 1 billion 400 million Swiss francs a month ago.
PREVIOUS:The rise in US debt yields dragged down subshares NEXT:Will the Bank of England raise interest rates in May after Carney downplays expe