Central bank is open to adjust monetary policy and made interventions

Central bank is open to adjust monetary policy and made interventions

Swiss National Bank (SNB) Chairman Martin Schlegel said at the SNB’s General Meeting during the European trading hours on Friday that the central bank has unrestricted room to maneuver on policy rate and made forex interventions. Additional remarks Middle East conflict will lead to subdued economic growth in Switzerland. Will adjust monetary policy if necessary. Higher […]

UK Retail Sales jump 0.7% MoM in March vs. 0.2% expected

UK Retail Sales jump 0.7% MoM in March vs. 0.2% expected

Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) rebounded 0.7% month-over-month (MoM) in March after declining by a revised 0.6% in February, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market forecast was for a 0.2% growth in the reported month. The core Retail Sales, […]

Canadian Dollar steadies as US Dollar firms on safe-haven demand

Canadian Dollar steadies as US Dollar firms on safe-haven demand

USD/CAD remains flat following a three-day winning streak, trading around 1.3700 during the Asian hours on Friday. The pair steadies as the US Dollar (USD) maintains its position as safe-haven demand increases amid persistent uncertainty surrounding the United States (US)–Iran conflict. Bloomberg reported on Thursday that the US military intercepted two Iranian oil supertankers attempting […]