Swiss Franc

Zurich-based Credit Suisse also said it will cut its headcount by a net 5,500 jobs in 2017 after 7,250 layoffs in 2016, as it works towards its 2018 cost-cutting target. The bank did not specify where the extra cuts would be.

Rupee opens marginally lower at 66.74 per dollar

The rupee is likely to head towards 66.50/dollar levels and the trading range for the day is likely to be between 66.50-66.80/dollar, says Pramit Brahmbhatt of Veracity.

CFTC: Speculators More Bullish on Japanese Yen, S&P 500, Swiss Franc

CFTC: Speculators More Bullish on Japanese Yen, S&P 500, Swiss Franc

Rupee opens at 67.63 per dollar; up 12 paise

We expect the rupee to stay in 67.05-67.75/dollar range this week, says Bansi Madhvani of India Ratings.

Rupee opens marginally lower at 67.43 per dollar

The USD-INR pair has finally broken the 67/dollar and is expected to trade in 67-67.50 per dollar range in near term, tracking the global dollar strength, says Ashutosh Raina of HDFC Bank.

UBS profit beats despite 'challenging' conditions

The group reported net profit up 79 percent at 6.2 billion Swiss francs, ahead of a consensus forecast compiled by Reuters of 5.75 billion Swiss francs.

Rupee opens flat at 66.83 per dollar

The USD-INR pair is expected to move today with a weakening bias and trade between 66.95-66.80/dollar, says NS Venkatesh of IDBI Bank.

Givaudan to invest Rs 368 crore in new Pune facility

The facility is expected to open by early 2018 and will employ some 100 people, the company said in a statement. It further added that the Ranjangaon facility will complement Givaudan's existing plant in Daman.

Indian rupee opens flat at 64.17 per dollar

Today we expect the USD-INR to gain some strength based on the cues from the bond markets as well as anticipated liquidity which is expected to follow with the possibility of a rate cut, says NS Venkatesh of IDBI Bank.

See rupee at 59 against USD by 2015-end: Societe Generale

On Thursday, along with RBI‘s repo rate cut, the Swiss National Bank unexpectedly scrapped its policy of capping the Swiss Franc against the Euro. Alvin T Tan, Currency Strategist at Societe Generale SA discusses the implications of the move on world economy.

Indian rupee opens at 62.23 per dollar; slips 21 paise

Foreign inflows are expected to continue and exporters are likely to sell on upticks to Rs 62.50/dollar. We expect to see a range of Rs 62.10-62.50/dollar for the day, says Agam Gupta of Standard Chartered.

Indian rupee opens at 61.41 per dollar, slips 24 paise

According to Pramit Brahmbhatt of Alpari India, rupee is expected to trade weak following Asian shares slipping to a 3-week low as tension over Ukraine ahead of a weekend referendum forced investors to get rid of riskier assets.

Indian rupee opens at 61.94 per dollar; down 18 paise

Expect rupee in a range of 61.75-62.15/USD for the day, says Agam Gupta of Standard Chartered.

Indian rupee opens at 62.10 per dollar; down 12 paise

High month-end dollar demand by oil marketing companies is pushing rupee into the negative zone, says Pramit Brahmbhatt of Alpari India.

Indian rupee opens at 61.14 per dollar

Agam Gupta, Standard Chartered expects the rupee to trade in the range of 60.75-61.35/USD.

Indian rupee opens flat at 61.73 per dollar

Pramit Brahmbhatt, CEO of Alpari India feels the rupee will be under some more pressure today owing to choppy equities. "With US budget uncertainties continuing and no major domestic results due till end of the week, rupee will track international developments for further cues," he adds.

Is Swiss franc the next safe haven to fall?

The Swiss franc, a currency that has provided refuge for investors since the escalation of the euro zone debt crisis, may be the next safe haven to fall, according to a new report from Societe Generale.

Why tracking Dollar Index is must for any commodity trader

The US Dollar Index is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. Generally dollar index goes up when US Dollar gains against other currencies. It a indication of US Economic activity or any other activity which can strengthen or weaken US dollar.

Is the Aussie dollar becoming a safe-haven currency?

Australia belongs to that exclusive club of countries with a AAA rating and its currency has been resilient, despite worries about slowing growth in its biggest trading partner, China.

UBS Q1 net profit shrinks amid own debt charge

UBS said first-quarter profit more than halved, dragged down by a 1.16 billion Swiss franc hit to profit due to charges on its own debt.

Support of 5171 holds strong; expect relief rally: Jai Bala

Even though Indian equities crashed and burned yesterday, Jai Bala of cashthechaos.com is relieved by the fact that 5171 on the Nifty was not taken out yesterday.

Mecklai graph of the day - Will NFP surprise markets again?

Mecklai graph of the day - Markets are waiting for the crucial NFP data, which is scheduled to be released later today in the US session. The NFP data shows the current health of US employment.

Swiss Franc continues to weaken: Mecklai

The Swiss Franc has continued to trade with a softer bias against its 2 major traded counterparts – the Dollar & Euro, ever since the SNB intervened in the Forex markets back during early September by setting a floor cap on EURCHF at 1.20 levels.

Novartis to cut 2000 jobs to save annual $200m

Novartis AG is slashing 2,000 jobs in Switzerland and the United States to keep costs under control in the face of growing price pressures and the strong Swiss franc, the Swiss drugmaker said on Tuesday.

Currency corner: BNP Paribas sees Rupee above 44-46.25/$

Senior currency strategist at BNP Paribas Chin Loo says she sees the rupee above 44-46.25 to the dollar with support coming in above 45.60