CHFUSD=X : Summary for CHF/USD - Yahoo Finance
CCY - CCY Delayed Price. Currency in USD
|Day's Range||1.005 - 1.009|
|52 Week Range||0.9678 - 1.0590|
- Reuters - UK Focus•2 months ago
The Swiss National Bank sees increasing political risks around the world but has the tools it needs to deal with their potential impact on the "significantly overvalued" Swiss franc, Chairman Thomas Jordan told newspaper Schweiz am Wochenende. Important votes are taking place in France and Germany, while the situation in Italy and Britain after its vote to leave the European Union remained unclear, Jordan said in an interview to be published on Saturday (Shenzhen: 002291.SZ - news) . "Such periods of raised uncertainty are always sensitive for us because Switzerland is increasingly seen as a safe haven," Jordan said.
- Reuters - UK Focus•6 months ago
The U.S. dollar hit a more than one-month low against the safe-haven Swiss franc on Friday on nervousness ahead of next week's U.S. presidential election, despite a solid U.S. jobs report that supported expectations for a Federal Reserve rate hike next month. The battle between Democrat Hillary Clinton and Republican Donald Trump has tightened significantly in the past week, as several swing states that were leaning toward Clinton are now considered toss-ups, according to the Reuters/Ipsos States of the Nation project. Clinton has been viewed as the candidate of the status quo, while many fear that a Trump victory on Tuesday would carry global risks to trade and growth.
- Reuters - UK Focus•7 months ago
The safe-haven Swiss franc fell sharply on Friday, having earlier hit a two-month high on worries about the European banking sector, with some traders speculating that the Swiss central bank was intervening to cap the currency's strength. The Swiss National Bank which often intervenes by selling francs and buying the euro in order to cap the currency's strength, declined to comment on market talk of currency intervention. "The SNB has made it clear that it considers intervention as one of its policy tools and this is likely to limit upside potential for the Swiss franc," said Jane Foley, senior currency strategist at Rabobank.