US currency manipulator tag for Switzerland unlikely to deter FX approach
Reuters, London
Reuters, London
Being named a currency manipulator by the U.S. Treasury may be an embarrassment for Switzerland, but the tag will likely have little effect on the Swiss National Bank s monetary policy.
The U.S. Treasury on Wednesday labeled Switzerland and Vietnam as currency manipulators, saying they had both intervened heavily in currency markets with at least part of Switzerland s action aimed at pushing down the Swiss franc to prevent effective balance of payments adjustments.
There would be no automatic punishment with a label, though U.S. law requires Washington to demand negotiations with designated countries.
Analysis-U.S. currency manipulator tag for Switzerland unlikely to deter FX approach Saikat Chatterjee ,
By Saikat Chatterjee, John Revill and David Lawder
LONDON/ZURICH/WASHINGTON (Reuters) - Being named a currency manipulator by the U.S. Treasury may be an embarrassment for Switzerland, but the tag will likely have little effect on the Swiss National Bank s monetary policy.
The U.S. Treasury on Wednesday labeled Switzerland and Vietnam as currency manipulators, saying they had both intervened heavily in currency markets with at least part of Switzerland s action aimed at pushing down the Swiss franc to prevent effective balance of payments adjustments.
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Analysis-US currency manipulator tag for Switzerland unlikely to deter FX approach Being named a currency manipulator by the U.S. Treasury may be an embarrassment for Switzerland, but the tag will likely have little effect on the Swiss National Bank s monetary policy.
FILE PHOTO: 1,000-Swiss-franc banknotes lie in a box at a Swiss bank in Zurich, April 9, 2019. REUTERS/Arnd Wiegmann
17 Dec 2020 01:11AM Share this content
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LONDON/ZURICH/WASHINGTON: Being named a currency manipulator by the U.S. Treasury may be an embarrassment for Switzerland, but the tag will likely have little effect on the Swiss National Bank s monetary policy.
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Analysis: U.S. Currency Manipulator Tag For Switzerland Unlikely To Deter FX Approach
Being named a currency manipulator by the U.S. Treasury may be an embarrassment for Switzerland, but the tag will likely have little effect on the Swiss National Bank s monetary policy.
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LONDON/ZURICH/WASHINGTON: Being named a currency manipulator by the U.S. Treasury may be an embarrassment for Switzerland, but the tag will likely have little effect on the Swiss National Bank’s monetary policy.
The U.S. Treasury on Wednesday labeled Switzerland and Vietnam as currency manipulators, saying they had both intervened heavily in currency markets with at least part of Switzerland’s action aimed at pushing down the Swiss franc to prevent effective balance of payments adjustments.
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A tentative agreement has been reached between the Grand Erie District School Board and its elementary teaches.
Board chair Greg Anderson said he is pleased two parties have arrived at a deal.
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Try refreshing your browser. Grand Erie, elementary teachers reach tentative deal Back to video
“Our elementary teachers do such wonderful work on behalf of our students,” Anderson said. “We’re so grateful to them for the impact they make daily in our schools and in the lives of our students and families.”
The teaches are represented by the Grand Erie Elementary Teachers Federation, a local of the Elementary Teachers Federation of Ontario.