State Secretariat for Economic Affairs — News Archive

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Swiss Franc Soft After Economic Growth Outlook Downgrade

The Swiss franc was very soft today after the downgrade of Switzerland’s economic growth outlook. The Swissie fell against major rivals and lost earlier gains versus commodity currencies.

Positive GDP Print Doesn’t Help Swiss Franc

The Switzerland franc was weak today despite better-than-expected economic growth in Switzerland. The problem for the currency was the positive market sentiment, which reduced the Swissie’s appeal in the role of a safe currency.

Swiss Franc Strong amid Risk Aversion, Falling Unemployment

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.

Swiss Franc Soft as Consumer Sentiment Deteriorates

The Swiss franc managed to gain on the euro today but was generally soft against other currencies. The deteriorating consumer sentiment was not helping the Swissie at all.

Swiss Franc Mixed After Unemployment Rate Meets Expectations

The Swiss franc traded mixed today, falling against some rivals, while holding versus others. Domestic macroeconomic data was not helpful in finding direction.

Negative Market Sentiment Allows Swiss Franc Ignore Economic Data

The Swiss franc gained today, getting boost from risk aversion on the Forex market. The currency gained even as domestic macroeconomic reports were extremely disappointing, demonstrating weakness of the Swiss economy.

Swiss Franc Mixed After Rising on Risk Aversion, Ignores Rising Unemployment Rate

The Swiss franc behaved similarly to the Japanese yen today, rising intraday on risk aversion, but retreating versus its major peers later. Against commodity currencies, though, the Swissie retained its gains. The increase of Switzerland’s unemployment rate did not bother the currency too much.

Swiss Franc Trades Higher Despite Underwhelming Domestic Data

The Swiss franc traded higher against most of its major peers today despite underwhelming domestic macroeconomic data. The likely reason for that was the fact that most of economic reports released in other countries were not particularly good as well.

Swiss Franc Drops After Switzerland’s Economic Outlook Gets Negative Revision

The Swiss franc traded on par with the US dollar but fell against most other major currencies today. While the market sentiment seemed to be beneficial to safe currencies, news from Switzerland itself was detrimental to the Swissie.

Swiss Franc Supported by Low Unemployment

The Swiss franc was flat against some currencies and rose versus others today as a report showed that unemployment in Switzerland remained extremely low.

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