Currency Wars Have a Nuclear Option
There is a big difference between countries that use domestic tools for domestic purposes and those that target currencies to gain an unfair trade advantage.
Swiss Franc Move: What Does It All Mean?
The surprise decision by the Swiss National Bank demonstrates how suddenly and unexpectedly major market moves can occur.
Europe’s Crisis Focus Shifts From Greece to Spain
Concerns eased a bit over the possibility of a Greek exit from the euro zone as Saturday polls showed rising support for pro-bailout parties in that country. But attention turned to Spain as earlier estimates of funding needed for a bailout of its largest bank looked to be seriously undervalued.
Battle Over Swiss Franc Ahead
After the Swiss frank breached a ceiling set by the country’s central bank last September, the bank’s interim chairman said that it would defend the currency. Markets are wondering just how far he will go.
Swiss Franc on Runaway Course
Tourists wanting a cup of coffee in Zurich these days will pay dearly for the privilege: A single cup at Café St. Gotthard would cost $8.30 at Tuesday’s exchange rate, according to a Bloomberg report.