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Swiss Franc Rallies on Supportive Fundamentals

March 23, 2016 at 10:48 by Vladimir Vyun

Swiss coins on franc notesThe performance of the Swiss franc was rather anemic today, but right now the currency is demonstrating attempts to rally. It should not be a surprise as both domestic fundamentals and the general market sentiment should be supportive for the currency.

The ZEW-CS-Indicator for the economic sentiment in Switzerland rose from -5.9 to 2.5 in March. Additionally, the news about bombing in Brussels resulted in a surge of risk aversion. The franc struggled to rally despite the supportive fundamentals. But currently the Swissie managed to pare its losses versus the dollar and rallied against the very weak pound.

USD/CHF traded at 0.9734 as of 10:45 GMT today after rallying from 0.9728 to 0.9764. GBP/CHF dropped from 1.3827 to 1.3787.

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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