SNB’s Jordan: SNB will monitor inflation closely and adjust policy again when necessary
Source Fxstreet
Swiss National Bank (SNB) Chairman Thomas J. Jordan speaks at the SNB’s General Meeting of Shareholders.
Key Quotes
SNB has been successful in fight against inflation.
Uncertainty remains elevated, shocks can occur at any time.
We should not be sidetracked from focus on price stability.
Demands of critics for SNB to broaden mandate are dangerous.
Market Reaction
USD/CHF falls to 0.9100, weighed down by subdued US Dollar. The US Dollar remains under pressure as weaker US Q1 Gross Domestic Product (GDP) growth has raised doubts for the economic outlook. The pair is expected to face sheer volatility after the release of the US core Personal Consumption Expenditure Price Index (PCE) data for March, which will be published at 12:30 GMT.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin's recent drop below $90,000 may signal a market bottom, according to industry leaders.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP Look for a Foothold After a Sharp ShakeoutBitcoin trades near $92,600 after a dip below $90,000, while Ethereum around $3,118 and XRP near $2.21–$2.23 sit on key support zones, as BTC, ETH and XRP all try to turn a sharp correction into a tradable rebound rather than a deeper slide.
Bitcoin trades near $92,600 after a dip below $90,000, while Ethereum around $3,118 and XRP near $2.21–$2.23 sit on key support zones, as BTC, ETH and XRP all try to turn a sharp correction into a tradable rebound rather than a deeper slide.
Gold Price Forecast: XAU/USD edges higher above $4,100 ahead of delayed US September NFP reportGold price (XAU/USD) attracts some buyers to around $4,110 during the early Asian session on Thursday. The precious metal gains momentum amid the cautious mood and uncertainty over the US economy. Traders will closely monitor the US September Nonfarm Payrolls (NFP) later on Thursday.
Gold price (XAU/USD) attracts some buyers to around $4,110 during the early Asian session on Thursday. The precious metal gains momentum amid the cautious mood and uncertainty over the US economy. Traders will closely monitor the US September Nonfarm Payrolls (NFP) later on Thursday.
The price of Bitcoin dipped below $89,000, setting a new weekly low as corporate buyer Strategy remains bullish.
Could XRP Really Catch Ethereum? Analysts Revisit the Question as ETF Tailwinds BuildAs US spot XRP ETFs roll out and issuers like Canary Capital and Franklin Templeton step in, analysts say XRP’s market cap could climb on growing utility and ETF accumulation—but overtaking Ethereum’s $373 billion smart-contract powerhouse remains a long-shot, at least for now.
As US spot XRP ETFs roll out and issuers like Canary Capital and Franklin Templeton step in, analysts say XRP’s market cap could climb on growing utility and ETF accumulation—but overtaking Ethereum’s $373 billion smart-contract powerhouse remains a long-shot, at least for now.
