Swiss Franc Falls vs. Euro, Gains on Dollar

The Swiss franc edged down against the euro during the current trading session after the release of disappointing macroeconomic data from Switzerland. At the same time, the currency managed to rise a bit against the US dollar.

The Swiss Producer Price Index dropped 1.4 percent in February while economists promised an increase by 0.4 percent. Retail sales inched down 0.3 percent in January from a year ago even though analysts predicted growth of 2.6 percent. All in all, the data was completely negative, and it may affect the monetary policy decision of the Swiss National Bank that will happen later this week.

USD/CHF ticked down from 1.0051 to 1.0039 as of 10:18 GMT today. Meanwhile, EUR/CHF went up from 1.0544 to 1.0585.

If you have any questions, comments or opinions regarding the Swiss Franc,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *