Swiss Franc Fall Despite Record Industrial Activity

The Swiss franc fell today against the US dollar and the euro, as the rally of the equities damped the demand for the currency as the safe haven, despite of the favorable fundamentals.
The Stoxx Europe 600 Index climbed as much as 1.9 percent. The rally of the stocks outweighed the data, showing that the industrial activity reached the all-time record. The SVME PMI rose from 65.7 in June to 66.9, the all-time highest level, the last month.
USD/CHF rose from 1.0402 to 1.0441 today as of 10:45 GMT, jumping earlier this day as high as 1.0475. EUR/CHF climbed from 1.3588 to 1.3652 after it reached 1.3697.

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