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Franc Mixed, Swiss Economy Looks Stable

August 28, 2013 at 13:01 by Vladimir Vyun

Faces on the Swiss franc notesThe Swiss franc was mixed today even as the general risk-adverse market sentiment was beneficial to the currency. The Swissie rose a little against the euro, but fell versus the US dollar.

Risk aversion rules the Forex market this week and it benefited safe currencies, including the yen and the franc, but still they perform not as well as they should. The UBS consumption indicator remained virtually unchanged in July. Other indicators, including the employment data released tomorrow, are also expected to be stable.

USD/CHF advanced from 0.9171 to 0.9186 as of 16:01 GMT today, while its daily high was at 0.9213. EUR/CHF went down from 1.2286 to 1.2281.

If you have any questions, comments or opinions regarding the Swiss Franc, feel free to post them using the commentary form below.

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