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  • Reuters

    Swiss National Bank sold forex worth nearly $150 billion in 2023

    The Swiss National Bank sold foreign currency worth 132.9 billion Swiss francs ($149.51 billion) in 2023, the central bank said on Tuesday, showing its increased emphasis on supporting the Swiss franc as a shield against imported inflation. The figure was a massive increase from 22.3 billion francs in foreign currencies sold by the SNB in 2022, when the bank started selling off some of its huge foreign currency holdings. The SNB's strategy has paid off, with Swiss inflation within its 0-2% target range for last nine months.

  • KGO – San Francisco

    Hundreds attend vigil for parents, child killed in SF crash

    Hugs, among community members dealing with heartbreak after the loss of a mother, father, and their toddler in a car crash. Hundreds of San Franciscans attended a vigil for the family Monday night in San Francisco.

  • Reuters

    FOREX-Yen falls, defying historic BOJ shift; Aussie tumbles

    Japan's yen currency fell sharply on Tuesday after the central bank ended its negative interest rate policy in a monumental but highly anticipated decision, while the Australian dollar also slid after domestic rates were kept steady. In a historic shift from decades of massive monetary stimulus, the Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of unorthodox policy at the conclusion of a two-day monetary policy meeting. With Japan's first interest rate hike in 17 years, the central bank said it would guide the overnight call rate - its new policy rate - in a range of zero to 0.1% adding that it expected "accommodative financial conditions" to be maintained for the time being.