Rolling coverage of the latest economic and financial newsLatest: Gas prices surge to new highsFTSE 100 hits five-month lowGermany’s DAX in bear market territoryFull story: Oil prices soar 10% and stocks plunge as US and Europe consider ban on Russian crudeRussia-Ukraine war: Zelenskiy vows to punish attack on civilians in Irpin; Russia bombards Mykolaiv – liveThe Swiss National Bank has repeated its pledge to intervene on the currency markets if needed after the Swizz franc briefly rose above parity with the euro, as investors sought safe-haven assets.Reuters has the details:“The Swiss franc is currently sought after as a refuge currency, along with the US dollar and the yen,” the central bank said in a statement. “The Swiss franc continues to be highly valued,” it added. “The SNB remains prepared to intervene in the foreign exchange market if necessary.” Continue reading…
Rolling coverage of the latest economic and financial news
- Latest: Gas prices surge to new highs
- FTSE 100 hits five-month low
- Germany’s DAX in bear market territory
- Full story: Oil prices soar 10% and stocks plunge as US and Europe consider ban on Russian crude
- Russia-Ukraine war: Zelenskiy vows to punish attack on civilians in Irpin; Russia bombards Mykolaiv – live
The Swiss National Bank has repeated its pledge to intervene on the currency markets if needed after the Swizz franc briefly rose above parity with the euro, as investors sought safe-haven assets.
Reuters has the details:
“The Swiss franc is currently sought after as a refuge currency, along with the US dollar and the yen,” the central bank said in a statement.
“The Swiss franc continues to be highly valued,” it added. “The SNB remains prepared to intervene in the foreign exchange market if necessary.”