The euro was relatively firm today, though the currency fell against some of its rivals, most notably the extremely strong Great Britain pound. Fundamentals clashed, with positive macro releases pushing the currency up but the dovish stance of the European central bank driving it down.
The Swiss franc was soft today as the market sentiment remained positive, hurting demand for the currency often used as a safe haven. Markets largely ignored the strong language of US President Donald Trump regarding China.
The Swiss franc was soft today even though the Producer Price Index fell last month less than was expected.
The Swiss franc rallied against other most-traded currencies today despite falling consumer prices in Switzerland. Risk aversion was the reason for the currency’s strength.
The Swiss franc is trading relatively flat against some of its currency rivals on Thursday as some recent economic data are pushing up the safe-haven asset. While not consider the global beacon of exports, Switzerland has enjoyed a significant jump last month, helping it experience the biggest trade surplus in more than two years. With Zurich engaged in terse discussions with the European Union (EU), this could […]
The Swiss franc, as well as other safe currencies like the US dollar and the Japanese yen, were extremely strong on Tuesday amid speculations whether the Federal Reserve will cut interest rates this year and how much. Domestic macroeconomic data was also supportive of the Swissie.
The Swiss franc was strong during today’s subdued trading. Domestic inflation data released over the trading session was supportive to the currency.
The Swiss franc gained on most major currencies today even after the central bank’s officials continued to signal that extremely loose monetary policy will remain in place in the foreseeable future.
The Swiss franc attempted to rally today but by now has lost its gains against almost all of its most-traded rivals, with the exception of the euro. Domestic macroeconomic data was not helpful to the currency.
The Swiss franc is gaining against a basket of currencies on Thursday, supported by the government’s federal budget surplus forecast. As the economic powerhouse introduces tax and pension reforms, the government thinks it will take in more revenues. But the healthy state of the nation’s finances is not making investors optimistic on the economy.
