The safe-haven yen and Swiss franc advanced in choppy trading on Thursday, while the U.S. dollar slumped, as jittery investors turned increasingly risk-averse amid a continued selloff on Wall Street that has been hammered by an escalating trade war initiated by the United States.
USD/CHF faces some selling pressure to near 0.8820 in Friday’s early European session, losing 0.13% on the day.
Investors were met with some calm on Friday after a turbulent week besieged by U.S. trade policy confusion and a global rise in borrowing costs, as a steep selloff in bonds abated and currencies steadied,
The Swiss National Bank will not refrain from using interest rates and currency interventions to steer monetary policy despite the risk of being branded a "currency manipulator" by the United States,
Analysts at Rabobank predict the Euro to Swiss franc exchange rate (EUR/CHF) will face downward pressure in the coming months. According to analysts at CIBC Capital Markets, following the ...
The Swiss franc briefly dipped after the latest interest rate cut to 1. 0%, but quickly regained ground. The Pound to Swiss... According to foreign exchange strategists at HSBC, an earlier-than ...
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.