Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

EUR/CHF falls below 0.93 amid market turmoil – ING

Elsewhere, the Norwegian krone is having a good rally today, ING’s FX analyst Chris Turner notes.

Norwegian Krone gains as inflation persists

"It had been hit hard on the global trade/lower oil/poorer liquidity story. Additionally, this morning has seen another sticky core inflation release for March, where underlying inflation remains at 3.4% YoY. This may continue to delay the next Norges Bank rate cut."

"At the height of yesterday's market dislocation, we also saw EUR/CHF trading sub 0.93 again. One of many possible angles here is that the Swiss National Bank's hands may be tied when it comes to its traditional FX buying operations."

"Sustained FX buying from the SNB could see Switzerland formally named a currency manipulator and be given a top-up to its initial 31% reciprocal US tariff. This may only embolden investors to buy CHF in risk-off episodes – thinking the SNB bid in EUR/CHF will not be as solid as it once was."

Oil: Tariff pause provides some relief – ING

Oil prices rallied along with risk assets yesterday after President Trump paused reciprocal tariffs on most trading partners, at least those that haven’t retaliated yet. This puts tariffs back to the baseline 10%, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Read more Previous

Greece Industrial Production (YoY): -0.1% (February) vs previous 2%

Greece Industrial Production (YoY): -0.1% (February) vs previous 2%
Read more Next