Commerzbank’s Michael Pfister expects EUR/CHF to rise in coming months as the Euro (EUR) recovers and markets push back Swiss National Bank (SNB) rate hikes, with the bank’s strategy combining verbal intervention and steady rates. However, lower Swiss inflation and stronger public finances should reassert Swiss Franc strength later, with…
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Commerzbank’s Michael Pfister argues the Swiss National Bank (SNB) has few sustainable tools to weaken the Swiss Franc (CHF) against major currencies such as the US Dollar (USD). Large-scale FX interventions like those before 2024 are seen as unlikely due to balance-sheet risks and political constraints, leaving the long-run bias toward a structurally stronger Swiss Franc despite near-term relief.SNB constrained on lasting CHF weakness”The SNB’s verbal interventions and its apparently swifter response do nothing to…
A United Airlines international flight struck a light pole and tractor trailer while approaching Newark…
The NZD/USD pair attracts some dip-buyers at the start of a new week and climbs…
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This as-told-to essay is based on a conversation with Lee Tze Gwen, a 32-year-old animator and artist from Singapore. It has been edited for length and clarity. Loading audio narration… I’ve been drawing since I was 10. It’s always been a hobby for me, but I found my true calling…
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Spirit Airlines’ abrupt shutdown has left many travelers scrambling for answers, especially when it comes to getting their money back. The budget carrier announced Saturday that it was canceling all flights as it started winding down operations “effective immediately.” Customers who booked directly with Spirit using a credit or debit…
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The World Health Organization said three people have died on a cruise ship in the Atlantic Ocean after a suspected hantavirus outbreak. Loading audio narration… The agency said it has confirmed, through laboratory testing, one case of hantavirus and suspects there are five additional cases.”Of the six affected individuals, three…
