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Pound Retains Gains as SNB Boosts Its Foreign Reserves Holdings
The Great Britain continued to rise today on speculations that the Bank of England will refrain from adding stimulus. The Swiss National Bank added to its holding of the sterling, further increasing the appeal of the currency.(...)Read the rest of Pound Retains Gains as SNB Boosts Its Foreign Reserves Holdings (64 words) Posted on Forex News.
Krone Rises as Norges Bank Does Not Plan to Buy Foreign Currency
The Norwegian krone climbed today as Norway’s central bank indicated that it is not going to buy foreign currency for the government fund. On the negative side, unemployment growth stalled in August.(...)Read the rest of Krone Rises as Norges Bank Does Not Plan to Buy Foreign Currency (103 words) Posted on Forex News.
SNB Rumored to Abandon EUR-CHF Floor Soon.
For the past several months, the Swiss National Bank has been buying the Euro in ?unlimited quantities' in order to prevent more appreciation of the Franc. The central bank established a floor of 1.20 for the EUR-CHF and successfully defended it, with the most recent price activity around 1.21. This uptick happened seemingly on pure market action, without additional purchases of the common currency from the SNB. However, to date, the bank accumulated about $450 billion in foreign reserves,...
Pound Gains as Number of Business Insolvencies Decline
The Great Britain rose against the US dollar yesterday and continued to gain today as the number of UK business insolvencies fell last month. The sterling was also higher against the Japanese yen, but dropped versus the euro.(...)Read the rest of Pound Gains as Number of Business Insolvencies Decline (149 words) Posted on Forex News.
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