G10 Currency Performance Update:

#USD +0.05%
#EUR -0.07%
#JPY +0.25%
#GBP -0.01%
#AUD +0.12%
#CAD +0.05%
#CHF 0.00%
#NZD +0.14%
#SEK +0.07%
#NOK -0.03%

G10 Currency Performance Update:

#USD +0.02%
#EUR -0.10%
#JPY +0.28%
#GBP +0.11%
#AUD +0.21%
#CAD +0.04%
#CHF +0.62%
#NZD +0.12%
#SEK -0.48%
#NOK -0.16%

The #ruble hits the highest level against #usd since early 2020.

⚠️ SHOCKING ⚠️

The Swiss National Bank just warned it may SELL stocks - they hold ~$200bn 🚨

In a shock to the market the SNB has hiked rates 50bps for the first time since 2007 but this might not be the most significant development.

The SNB holds ~$177bn of US equities concentrated mainly in FAANG. They are one of the largest holders of Apple, Microsoft and Amazon stock in the world - their top holdings below 👇🏼

The SNB has been diversifying FX reserves into equities and corporate bonds over the years and this trend may stand to reverse after today.

The thinking is that they may dump U.S tech stocks, to raise USD, to buy Swiss Francs to keep CHF stronger. Around 25% of their FX reserves currently sit in equities.

This is a significant, hawkish, change of stance by the SNB.

More good news for equities…

#SNB #EQUITIES #USD #CHF

Join @TRADINGCLUB3ST

A strong Dollar means rest of the Currencies which are getting weaker against it except Ruble have lost a lot of purchasing power on their own.

For example Euro has lost 20% of purchasing power in just one year versus USD.

But even the USD has lost a lot over the years…

#usd

🇺🇸US Dollar breaks lower post-cpi.
$DXY -1.11% at 103.83

#usdollar #usd #inflation #CPI
#dxy