Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise 
US Stocks Slip as Treasury Yields Ease, AI Trade Rebounds 
Oil Prices Steady as Middle East Crude Flows Recover 
Fed Rate Hike Threatens Housing as U.S. Growth Leans on AI, Citi Says 
Yen Sinks as BOJ Rate Hike Fails to Impress Markets 
Gold Prices Slip as High Treasury Yields Weigh on Bullion 
BOJ Set for Rate Hike as Inflation and Yen Pressure Mount 
Dollar Hits Three-Month High as US Treasury Yields Surge 
India Manufacturing Growth Hits Seven-Month High in September 
Trump Eyes $54 Billion South Korean Investment in Alaska LNG 
Asian Currencies Mixed as Yen Weakens, RBA Hike Looms 
Gold Plunges 4% as Treasury Yields Surge and Fed Rate Hike Bets Rise 
US Dollar Hits Two-Month High as Aussie, Pound Slide 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
Add as a preferred source on Google
The Swiss National Bank (SNB) significantly reduced its foreign currency interventions in 2024, purchasing just 1.2 billion Swiss francs ($1.36 billion) after selling 132.9 billion francs in 2023. The drastic shift reflects the SNB’s success in controlling inflation, which stood at 1.1% in 2024—well within its target range of 0-2%.
In 2022 and 2023, the SNB actively sold foreign currencies to strengthen the Swiss franc, mitigating the impact of imported inflation. However, following its December 2023 monetary policy review, the central bank shifted focus, signaling an end to large-scale foreign currency sales. This adjustment aligns with the SNB’s broader strategy of stabilizing the economy while ensuring optimal monetary conditions.
With inflation now under control, the SNB’s latest policy direction underscores confidence in the Swiss economy’s resilience. Investors and analysts eagerly await the bank’s next monetary policy decision, scheduled for Thursday.
