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Swiss Franc Falls vs. Dollar & Euro Following Manufacturing PMI

January 3, 2018 at 18:12 by Vladimir Vyun

10, 20, 50 and 100 Swiss franc bills at an angleThe Swiss franc fell against the US dollar and the euro today despite the better-than-expected manufacturing report released in Switzerland during the trading session.

The manufacturing Purchasing Managers’ Index reported by Procure was at 65.2 in December, little changed from the November’s level of 65.1. That is instead of falling to 64.6 as analysts had predicted. Yet it did not help the Swissie, which fell against most of its major peers.

USD/CHF rallied from 0.9715 to 0.9766 as of 18:09 GMT today, touching the daily high of 0.9797. EUR/CHF was up from 1.1714 to 1.1740.

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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