Daily Market Updates: SNB Flags Franc Carry-Trade Appeal as FX Intervention Readiness Eases

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SNB Flags Franc Carry-Trade Appeal as FX Intervention Readiness Eases

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Swiss National Bank’s September monetary policy discussions highlighted how widening international interest-rate differentials and low exchange-rate volatility had increased the attractiveness of Swiss Franc as a “funding currency in carry trades.” Franc depreciated approximately 3% in trade-weighted terms between June and September, reflecting the growing appeal of borrowing in the low-yielding currency. Although Swiss market […] The post SNB Flags Franc Carry-Trade Appeal as FX Intervention Readiness Eases appeared first on ActionForex .

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Action ForexSNB Flags Franc Carry-Trade Appeal as FX Intervention Readiness Eases

Forex

SNB Flags Franc Carry-Trade Appeal as FX Intervention Readiness Eases

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