The Swiss franc fell against the US dollar and the Japanese yen but gained versus the Great Britain pound and the euro by the end of the Thursday’s session.
Economic reports released during the trading session in Switzerland were favorable to the currency. The State Secretariat for Economic Affairs reported that the unemployment rate stayed at 3.2% in May, while experts were counting on an increase to 3.3%. The Federal Statistical Office reported that the Consumer Price Index rose by 0.2% last month, the same as in the preceding month. Forecasters promised no change for the index.
The Swissie mostly reacted to the moves of other currencies, paying little attention to the domestic fundamentals. Therefore, it rose against the weak euro and the sterling, which faced extreme selling as Britons were voting in the snap general election. At the same time, the Swiss currency dropped versus the strong dollar and the yen, which rebounded after falling earlier.
USD/CHF gained from 0.9646 to 0.9679 as of 21:21 GMT today. CHF/JPY slid from 113.65 to 113.44. EUR/CHF declined from 1.0859 to 1.0846 after rising to 1.0874 earlier. GBP/CHF sank from 1.2501 to 1.2319 and touched the low of 1.2273 — the lowest level since March 16.
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