The Swiss franc fell below the historically important level of 1.20 versus the euro as the risk appetite drove investors away from safe currencies. Still, Swiss National Bank Chairman Thomas Jordan saw no reason to abandon the extremely loose monetary policy.
The Swiss franc gained on its most-trade rivals, though not on the US dollar, today after the release of a good inflation print.
The Swiss franc rose intraday during the current trading session on fears of trade wars, particularly between the United States and China, but has lost its gains by now.
The Swiss franc slipped versus the US dollar today despite supportive fundamentals. Against other currencies, the Swissie was mixed.
The Swiss franc slipped today after the nation’s central bank kept monetary policy unchanged and showed not intention to tighten its unconventional accommodative policy.
The Swiss franc was falling today following the release of domestic macroeconomic data. The currency managed to reverse losses later thanks to risk aversion caused by announcement of import tariffs by the United States. The Swissie could not overcome the euro and the Japanese yen, though.
The euro was down intraday during the Tuesday’s session but bounced later, getting support from positive GDP figure released from the eurozone. Not all European macroeconomic indicators were good, though.
The 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 Swiss franc was mixed today, rising against some currencies, falling against others, and staying flat versus the US dollar. That was not surprising, considering that Switzerland’s economic data released over the trading session was mixed as well.
The Swiss franc was flat against some currencies and rose versus others today as a report showed that unemployment in Switzerland remained extremely low.
