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Day: September 29, 2017
September 292017
Swiss Franc Gets Boost from Positive Outlook for Economy
The Swiss franc gained on its rivals, though not on the euro, thanks to data that revealed a favorable outlook for the Swiss economy. The KOF Economic Barometer rose from 104.2 to 105.8 in September, exceeding the median forecast. The report commented on the result: This indicates that the outlook remains favourable — the Swiss economy should continue to grow at above average rates in the near future. The manufacturing sector was the biggest contributor to the improving outlook. USD/CHF […]
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September 292017
Japanese Yen Shows No Trend After Slew of Economic Reports
A range of macroeconomic reports were released in Japan today. Most of them were within expectations, giving no edge to the nation’s currency. Therefore, the Japanese yen showed no discernible trend during the current trading session, rising against some rivals and falling versus others. Japan’s core Consumer Price Index demonstrated an annual growth of 0.7% in August, while the Tokyo core CPI rose 0.5% in September from a year ago. […]
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September 292017
Japanese Yen Shows No Trend After Slew of Economic Reports
A range of macroeconomic reports were released in Japan today. Most of them were within expectations, giving no edge to the nation’s currency. Therefore, the Japanese yen showed no discernible trend during the current trading session, rising against some rivals and falling versus others. Japan’s core Consumer Price Index demonstrated an annual growth of 0.7% in August, while the Tokyo core CPI rose 0.5% in September from a year ago. […]
Read more