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Swiss Franc Mixed amid Slow Holiday Trading

December 23, 2016 at 10:58 by Vladimir Vyun

Faces on the Swiss franc notesThe Swiss franc was mixed today, rising against the Great Britain pound, falling versus the euro, and staying mostly flat against the US dollar (though the Swiss currency has moved lower versus the greenback just now). The Swissie, as well as most other currencies, did not move far due to slow trading ahead of the holiday.

The KOF Economic Barometer stayed at 102.2 in December, the same as the previous month’s reading. That was a disappointing result as forecasters were promising an increase to 103.1. The report said:

The currently observable sideward trend, at a level slightly above the long-term average, indicates that the Swiss economy should grow at rates close to its long-term average in the near future.

USD/CHF traded at about 1.0263 as of 10:47 GMT today, rising a bit from the opening level of 1.0255. GBP/CHF slid from 1.2596 to 1.2570.

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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