so what are the odds we’re finally going to get 1:1 CHF:GBP before this is over? I think we’re approximately at Truss levels now.
FML. Why did this not happen 2 weeks ago?
It‘s both. CHF is also 1.5% up against €
Forex market is predicting it to happen in two years. I.e. today you can lock in your 1:1 exchange rate for a date two years in the future. But of course, markets are not oracles.
The markets probably overreact re. The CHF… meaning that GBP and EUR should mid term still be ok. But the Market certainly no longer considers the USD as the leading reserve currency. There may be quite a bitvof fallout and re-shaping of power when we over the next 12-18 months move away from a USD centric trade system. What currency comes next? How about CHF? 
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One thing is that you need to issue enough debt (because that’s the key component of a lot of financial engineering).
Which is why it was such a big deal when the EU recently announced they’d start issuing EUR debt to finance defense programs (before that it was mostly individual countries issuing debt)
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Trump asked the supreme court the power to fire the Fed chair 
if this happens the US are going the Turkey way. This is really concerning.
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USDCHF is at 10Y low, the lowest since Frankenschock.
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Crazy times. What happened? I was gone for a couple of hours.
That would not be good for ohr export centered economy.
It‘s already spellinh trouble amd SNB needs to be very careful right now.
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Seriously, this is bad. Do you have a source?
CHF is simply not big enough. I think only credible one that comes closure is EURO
As far as I know SNB doesn’t care about nominal foreign exchange rate. They care about REER. Not sure how is that at the moment.
But if USD goes down due to bad policies, SNB cannot do much. However what they need to avoid is overbought situation as it can also reverse very quickly
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It’s not exactly that, but the Chief Justice of SCOTUS temporarily blocked the reinstating of two heads of agencies nobody’s heard of who Trump is trying to fire, after lower courts ordered their reinstatement.
In plain English the underlying point is that conservative bootlickers want to push for an autocracy and overturn provisions and precedents which shield independent agency heads from being fired unless it’s proven that they were incompetent and malicious.
He’s appointed JPow, who appears to be considered to have done a good job, but I’m not qualified to say. I also think JPow is in too high a position to be meddled with by bootlickers, but this is Trump we’re talking about.
That’s not what the article says:
The court will decide what next steps to take in the case after hearing from lawyers for the two ousted officials.
They just haven’t upheld the temporary stay, they still need to hear the case and make a decision.
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Edited for accuracy, thanks for calling me out (seriously!).
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It seems like president want to do everything
Negotiate with countries, Offer instinctive tariff relief to individual companies , fire tenure officials, hire whoever praises him
Completely irresponsible behaviour
We barely avoided a credit crisis in last two days. Time to show humility.
The guy shits on golden toilets, what humility?
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Very strong messages from China
“China survived for 5000 years and it would survive for another 5000 years. For most of it US was not around”
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