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Switzerland’s central bank is stomaching stronger franc for now

Bloomberg Sight deposits at the Swiss National Bank increased only marginally last week, suggesting President Thomas Jordan and his colleagues aren’t taking much action to counter the strengthening franc. Iran-US tensions and fears about the spreading Coronavirus has lifted the haven franc this year. Earlier on Monday, it breached the 1.07 per euro mark to touch a fresh three-year high. ...

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‘Demand for Treasuries will prove short-lived’

Bloomberg JPMorgan Chase & Co strategists are betting that the surge in demand for Treasuries thanks to fears about the deadly coronavirus will prove short-lived, sticking with a call to sell longer-dated bonds. Among the Wall Street bank’s other takeaways from the latest market-outlook reports: the outbreak of the disease is a “clear negative” for emerging Asian currencies, while for ...

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Credit Suisse orders HK staff  to work from home

Bloomberg Credit Suisse Group SA has told its staff in Hong Kong not to come into the office for at least 14 days if they’ve just visited mainland China, according to a memo seen by Bloomberg News. Employees who’ve visited the mainland in the past two weeks should discuss with their division manager and HR before returning to work after ...

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