SNB Swiss Libor Rate 03/11/2010

Posted by Henry Liu on March 10, 2010 under Forex News Trade, Switzerland | Be the First to Comment

8:00am NY Time CHF LIBOR Rate    Forecast 0.25%    Previous 0.25%
ACTION:  n/a

SNB usually issues a target range of 1.00% on the 3-month short term Libor rate, or London Interbank Offered Rate, during this decision and the actual rate is the midpoint of the target, unless otherwise specified. 

SNB is going to keep the 3-month libor rate at the current target level of 0.25%, as agreed by most analysts, and as a matter of fact, analysts agree that SNB will keep rates unchanged until mid 2010.  As SNB is not in the habit of  shocking the market, it is practically impossible for SNB to hike rates unexpectantly.

SNB Libor Rate Decision (Interest rate) 12/10/09

Posted by Henry Liu on December 9, 2009 under Forex News Trade, Switzerland | Be the First to Comment

3:30am SNB Libor Rate Decision         Forecast 0.25%    Previous 0.25%
ACTION: USD/CHF                     SELL 0.50%

SNB (Swiss National Bank) is likely to keep the 3-month libor rate at the current level of 0.25%, as surveyed by reuters today.  As a matter of fact, most analysts agree that SNB is likely to keep rates unchanged until mid 2010.  As SNB is not in the habit of surprising the market, it is practically 100% that SNB will keep rates at 0.25%; however, just in the event that SNB does hike rates, we will SELL USD/CHF immediately.

Libor Rate Decision 09/17/09

Posted by Henry Liu on September 16, 2009 under Forex News Trade, Switzerland | 9 Comments to Read

8:00am (NY Time) CHF Libor Rate Decision   Forecast 0.25%  Previous 0.25%
ACTION: N/A

SNB (Swiss National Bank) is expected to leave the official Libor rate unchanged at 0.25%, as almost all of the economists surveyed by Bloomberg would agree.  However, the real market mover may be the accompanied statement by the SNB governor Jean-Pierre Roth, who may intervene for the currency verbally yet again as SNB has done in the past.

It is known in the market that SNB has successfully broken the wills of the market on regarding the CHF as a safe-haven currency, as SNB Roth consistently intervened for the currency both verbally and central bank actions…  And as a result, CHF is no longer a strong safe-haven currency as compared to the US Dollar and Japanese Yen.