The Swiss franc fell today as continuously rising yields and risk appetite made investors less interested in currencies considered to be safe. The Swissie lost even to the Japanese yen — another currency considered to be a safe haven. Switzerland’s macroeconomic data was poor, adding to pressure on the Swiss currency.
The Swiss franc was among the weakest among major currencies on the Forex market today, along with the US dollar and the Japanese yen — other currencies considered to be safe. That suggests that risk appetite has been driving markets on Friday.
The euro was firm today, rising against most of its major peers, but failed to gain on safe currencies, such as the Japanese yen and the Swiss franc. The euro’s strength was surprising as the market sentiment has been worsening, and the shared 19-nation currency is not known for being a safe option for investors.
The Swiss franc sank today, declining against all of its most-traded rivals. The reason for such a poor performance was unclear, considering that domestic macroeconomic indicators released on Monday were extremely good, beating expectations by a wide margin. Some market analysts theorized that the slump of the Swiss currency was a result of outflows into the US dollar, which was very strong on Monday.
The EUR/USD pair declined today, falling for the third trading session in a row, despite the improving investor confidence in the eurozone. The euro fared far better against other major rivals, though.
The Swiss franc is trading relatively flat against the US dollar in the middle of the trading week after the US government announced in a new report labeled Switzerland and Vietnam as currency manipulators. The move had been expected for quite some time as the central bank continually intervened in foreign exchange markets to limit the franc’s appreciation. Will this have dire consequences for bilateral relations?
EUR/USD fell today despite all macroeconomic reports released in the eurozone during Wednesday’s trading session were good, and the vast majority of them beat expectations. Against other rivals, the euro did not show a unified performance, rising against some but falling against others.
The Swiss franc was the strongest currency on the Forex market today, rising against all other most-traded rivals. That was a very puzzling performance, considering that news neither from Switzerland nor from abroad was positive for the currency.
The Swiss franc logged gains versus a basket of currencies today, getting help from positive domestic macroeconomic reports. Economists do not expect tomorrow’s data to be good, though.
The Swiss franc was soft for the most part today, though it managed to log small gains versus the Australian dollar and the Japanese yen. Better-than-expected domestic macroeconomic data was unable to bolster the Swissie.
