The Swiss National Bank (SNB) revealed on Friday that abandoning its currency cap on the euro in January cost the central bank 50.1 billion Swiss francs ($52 billion) in the first half of the year.
Several currencies in the Asia Pacific region hit multiyear lows on Friday as Beijing sent signals that could slow growth in the region.
After Federal Reserve Chair Janet Yellen gave testimony to congress, the greenback advanced 3% against the euro from a week earlier, the biggest gain in eight weeks.
With a Greek deal in place, the dollar has advanced against other major currencies as investors’ focus shifts back to the upcoming interest rate hike from the Federal Reserve.
The strong dollar value is perceived as the consequence of the sign of a strong US economy. The dollar achieved a two straight weekly gain before the Greek vote but this climb is slowing down…
