OctaFX | OctaFX Forex Broker
Open trading account
Back

SNB’s Jordan sees risk of major, sudden exchange rate movement

The Swiss National Bank (SNB) Chairman Thomas Jordan is on the wires now, addressing the press conference following the status-quo policy decision, with the key headlines found below.

Swiss franc is highly valued, FX market situation is still fragile.

Risks to Swiss, global economic outlook is on the downside.

Swiss growth momentum likely to weaken somewhat in 2019.

Sees risk of major, sudden exchange rate movement.

Solid global growth in coming months is the baseline.

Politics, protectionism are significant risks to the baseline.

GBP/USD climbs to session tops, closer to 1.2700 handle

   •  The ongoing USD retracement helps regain traction near the 1.2600 mark.    •  Barclay’s Brexit comments provided an additional boost in the las
Read more Previous

IEA: Sees global oil market moving into deficit by Q2 2019 on 100% OPEC compliance with supply deal

The International Energy Agency (IEA), in its December monthly oil market report published this Thursday, kept global oil demand growth forecast for 2
Read more Next
Start livechat