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The US Federal Reserve is celebrating 100 years of existence this year, while the Reserve Bank of India is celebrating its 80th.
The European Central Bank, meanwhile, is celebrating its 16th year, making it one of the youngest major central banks around. 90 more words
In sharp contrast to AUD but for the same rationale (improving risk appetite and low volatility) the CHF has succumbed to pressure. Comments this week by Swiss National Bank officials highlighting their resolve to enforce the CHF cap, their belief that the currency is still overvalued, and are prepared to take further steps, highlight that the Swiss authorities wish for a much deeper correction lower in the currency. 79 more words