 As US session commences, Swiss Franc and Japanese Yen are trading as the day's strongest currencies, fueled by risk aversion in US markets. While major European indices exhibit only modest fluctuations, US futures indicate notably lower opens, reinforcing the cautious sentiment among investors. Swiss Franc's additional strength can be traced to comments made by outgoing SNB Chairman Thomas Jordan overnight, who pointed to its depreciation as a catalyst for unexpected inflationary pressures in Switzerland. In response, Jordan highlighted the possibility of the SNB intervening in the currency market by selling foreign currencies to stabilize the Franc... |
