EUR/CHF — News Archive

The Swiss franc dropped today as the market sentiment was not favorable to currencies considered to be a safe haven.

The Swiss franc started the current trading session rising but reversed its movement about the same time as the disappointing Producer and Import Price Index was released. The traders’ risk-positive mentality did not help the currency either.

The market sentiment was positive to risky currencies today, driving the Swiss franc down against its most-traded counterparts.

The euro was stable today after the release of Purchasing Managers’ Indexes from Markit Economics.

The Swiss franc rose today after the speech of the central bank’s chief even as some economic forecasts for Switzerland were revised down.

The Swiss franc was mixed after today’s policy announcement from the Swiss National Bank and the release of the Producer Price Index. The currency gained on the euro and the Japanese yen but fell versus the US dollar and the Great Britain pound.

The Swiss franc fell against the US dollar and the Japanese yen but gained versus the Great Britain pound and the euro by the end of the Thursday’s session.

The euro rallied today, rising against the US dollar and the Japanese yen, as it largely ignored Europe’s macroeconomic indicators that were poor for the most part. With that said, the shared 19-nation currency trimmed its gains against the Great Britain pound (though it was rather the result of sterling’s strength rather than euro’s weakness) and slid versus the Swiss franc.

The euro is trading below the opening level against most of its major rivals currently, but is showing tendency to rebound and was actually able to erase losses versus the US dollar completely. The bounce seems to follow the release of eurozone macroeconomic data, but that in no way looks justified as the indicators were disappointing for the most part.

The Swiss franc managed to gain on some of its most-traded counterparts during the current trading session, even though domestic macroeconomic data was detrimental to the currency.