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Swiss Franc Demonstrates Mixed Performance

February 18, 2016 at 23:44 by Vladimir Vyun

1,000 and 100 francs billsThe Swiss franc demonstrated mixed performance of Thursday. It was little changed against the US dollar, gained a bit on the euro but dropped versus the Japanese yen.

Switzerland’s trade surplus widened to 3.51 billion francs in January from 2.59 billion francs the month before, exceeding analysts’ expectations. Released on Wednesday, ZEW-CS-Indicator for the economic sentiment in Switzerland showed deterioration by 2.9 points to -5.9 in February.

The Swissie remains under threat of additional monetary easing from the Swiss National Bank, which may follow the European Central Bank if it cuts interest rates even further.

USD/CHF traded at 0.9928 as of 23:41 GMT today after opening at 0.9923. EUR/CHF ticked down from 1.1039 to 1.0129, reaching the low of 1.1021 intraday. CHF/JPY dropped from 114.93 to 114.10.

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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