The Swiss franc could appreciate in coming months as the Swiss National Bank is unlikely to return to negative interest rates, Commerzbank analyst Michael Pfister said. The dollar was little changed.
President Trump had a message last week for the Federal Reserve while at the annual World Economic Forum gathering in Davos, Switzerland: He plans to "demand that interest rates drop immediately." ...
Global stock markets, including Switzerland, face losses on news of US tariffs against Canada, Mexico and China.
His comments, via video link, to the World Economic Forum in Davos, Switzerland were pointed at Federal Reserve Chair Jerome Powell. Powell likely had different plans for potential rate cuts.
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