https://www.snb.ch/en/news-publications/news News on the Swiss National Bank (SNB) website SNB 2026-05-24T19:41:59Z Copyright © Swiss National Bank, Zurich (Switzerland) 2026 2026-05-24T19:41:59Z https://www.snb.ch/en/srv/disclaimer https://www.snb.ch/en/publications/financial-markets/claims_new https://www.snb.ch/en/publications/financial-markets/claims_new Announcements and conditions for new money market debt register claims of the Swiss Confederation (in Swiss francs) 2026-05-22T14:00:00Z SNB Announcements and conditions for new money market debt register claims of the Swiss Confederation (in Swiss francs) https://www.snb.ch/en/publications/financial-markets/claims_new 2026-05-22T14:00:00Z en https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260522_msl https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260522_msl The Swiss National Bank - mandate and challenges 2026-05-22T11:00:00Z SNB The Swiss National Bank - mandate and challenges https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260522_msl Martin Schlegel Chairman of the Governing Board National Bank of the Kyrgyz Republic, Bishkek 2026-05-22T11:00:00Z en https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260521_anmar https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260521_anmar Situation économique et politique monétaire 2026-05-21T15:15:00Z SNB Situation économique et politique monétaire https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260521_anmar Antoine Martin Vice Chairman of the Governing Board Assemblée plénière annuelle de la Conférence des directrices et directeurs cantonaux des finances (CDF), Stein am Rhein 2026-05-21T15:15:00Z en https://www.snb.ch/en/publications/research/economic-notes/2026/economic_note_2026_05 https://www.snb.ch/en/publications/research/economic-notes/2026/economic_note_2026_05 Jüngste Entwicklungen am Franken-Anleihenmarkt 2026-05-20T22:00:00Z SNB Kapitalmarkt Franken-Anleihenmarkt Jüngste Entwicklungen am Franken-Anleihenmarkt https://www.snb.ch/en/publications/research/economic-notes/2026/economic_note_2026_05 Dirk Faltin Dirk Faltin Simon Hänni Simon Hänni Dirk Faltin and Simon Hänni 2026 SNB Economic Studies 2026-05 2026-05-20T22:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260521_b https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260521_b Economic data, May 2026 2026-05-21T07:00:00Z SNB Economic data, May 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260521_b 2026-05-21T07:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260521_bsta https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260521_bsta Monthly banking statistics, May 2026 2026-05-21T07:00:00Z SNB Monthly banking statistics, May 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260521_bsta 2026-05-21T07:00:00Z en https://www.snb.ch/en/publications/financial-markets/snb_bills_new https://www.snb.ch/en/publications/financial-markets/snb_bills_new Announcements and conditions for new SNB Bills auctions (in Swiss francs) 2026-05-20T14:00:00Z SNB Announcements and conditions for new SNB Bills auctions (in Swiss francs) https://www.snb.ch/en/publications/financial-markets/snb_bills_new 2026-05-20T14:00:00Z en https://www.snb.ch/en/publications/financial-markets/claims_new https://www.snb.ch/en/publications/financial-markets/claims_new Announcements and conditions for new money market debt register claims of the Swiss Confederation (in Swiss francs) 2026-05-22T14:00:00Z SNB Announcements and conditions for new money market debt register claims of the Swiss Confederation (in Swiss francs) https://www.snb.ch/en/publications/financial-markets/claims_new 2026-05-22T14:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260518_gwd https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260518_gwd Important monetary policy data, 18 May 2026 2026-05-18T08:00:00Z SNB Important monetary policy data, 18 May 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260518_gwd 2026-05-18T08:00:00Z en https://www.snb.ch/en/publications/research/working-papers/2026/working_paper_2026_05 The US dollar (USD) is involved in 88% of global foreign exchange transactions, partly due to its role as a vehicle currency. Using high-frequency data from primary interdealer platforms, we develop a novel methodology to identify USD cross-trades. We show both theoretically and empirically that such trades can generate price fluctuations in USD exchange rates. Employing an instrumental variables approach, we find that increased cross-trading activity amplifies aggregate USD volatility. These results highlight a fundamental trade-off: while dollar dominance enhances market liquidity, it also increases the currency’s exposure to shocks originating in other currency pairs. https://www.snb.ch/en/publications/research/working-papers/2026/working_paper_2026_05 Dollar dominance: A source of dollar volatility? 2026-05-12T22:00:00Z SNB Dollar dominance Volatility Foreign exchange markets High-frequency trading Dollar dominance: A source of dollar volatility? https://www.snb.ch/en/publications/research/working-papers/2026/working_paper_2026_05 The US dollar (USD) is involved in 88% of global foreign exchange transactions, partly due to its role as a vehicle currency. Using high-frequency data from primary interdealer platforms, we develop a novel methodology to identify USD cross-trades. We show both theoretically and empirically that such trades can generate price fluctuations in USD exchange rates. Employing an instrumental variables approach, we find that increased cross-trading activity amplifies aggregate USD volatility. These results highlight a fundamental trade-off: while dollar dominance enhances market liquidity, it also increases the currency’s exposure to shocks originating in other currency pairs. Cara Bordier Cara Bordier Lukas Frei Lukas Frei Simon Stalder Simon Stalder Cara Bordier, Lukas Frei and Simon Stalder 2026 SNB Working Papers 2026-05 F31 G12 G14 G15 2026-05-12T22:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260513_sddsplus https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260513_sddsplus IMF SDDS Plus, 13 May 2026 2026-05-13T07:00:00Z SNB IMF SDDS Plus, 13 May 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260513_sddsplus 2026-05-13T07:00:00Z en https://www.snb.ch/en/publications/financial-markets/snb_bills_new https://www.snb.ch/en/publications/financial-markets/snb_bills_new Announcements and conditions for new SNB Bills auctions (in Swiss francs) 2026-05-20T14:00:00Z SNB Announcements and conditions for new SNB Bills auctions (in Swiss francs) https://www.snb.ch/en/publications/financial-markets/snb_bills_new 2026-05-20T14:00:00Z en https://www.snb.ch/en/publications/financial-markets/ch_bonds_new https://www.snb.ch/en/publications/financial-markets/ch_bonds_new Public bonds of the Swiss Confederation: New bond issues 2026-05-12T06:00:00Z SNB Public bonds of the Swiss Confederation: New bond issues https://www.snb.ch/en/publications/financial-markets/ch_bonds_new 2026-05-12T06:00:00Z en https://www.snb.ch/en/publications/financial-markets/claims_new https://www.snb.ch/en/publications/financial-markets/claims_new Announcements and conditions for new money market debt register claims of the Swiss Confederation (in Swiss francs) 2026-05-22T14:00:00Z SNB Announcements and conditions for new money market debt register claims of the Swiss Confederation (in Swiss francs) https://www.snb.ch/en/publications/financial-markets/claims_new 2026-05-22T14:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260511_gwd https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260511_gwd Important monetary policy data, 11 May 2026 2026-05-11T08:00:00Z SNB Important monetary policy data, 11 May 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260511_gwd 2026-05-11T08:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260508_wki https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260508_wki Exchange rate indices, May 2026 2026-05-08T07:00:00Z SNB Exchange rate indices, May 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260508_wki 2026-05-08T07:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260507_sddsplus https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260507_sddsplus IMF SDDS Plus, 7 May 2026 2026-05-07T07:00:00Z SNB IMF SDDS Plus, 7 May 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/05/statpub_news_20260507_sddsplus 2026-05-07T07:00:00Z en https://www.snb.ch/en/publications/financial-markets/snb_bills_new https://www.snb.ch/en/publications/financial-markets/snb_bills_new Announcements and conditions for new SNB Bills auctions (in Swiss francs) 2026-05-20T14:00:00Z SNB Announcements and conditions for new SNB Bills auctions (in Swiss francs) https://www.snb.ch/en/publications/financial-markets/snb_bills_new 2026-05-20T14:00:00Z en https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260505_anmar https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260505_anmar La Banque nationale suisse: enjeux actuels 2026-05-05T15:45:00Z SNB La Banque nationale suisse: enjeux actuels https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260505_anmar Antoine Martin Vice Chairman of the Governing Board Rencontre de la Berner Runde, Berne 2026-05-05T15:45:00Z en https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260505_msl https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260505_msl Wirtschaftslage und Geldpolitik der SNB 2026-05-05T11:00:00Z SNB Wirtschaftslage und Geldpolitik der SNB https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260505_msl Martin Schlegel Chairman of the Governing Board Vorstandsausschuss- und Vorstandssitzung von Swissmem, Zug 2026-05-05T11:00:00Z en