Swiss Franc Soft as Consumer Sentiment Deteriorates

The Swiss franc managed to gain on the euro today but was generally soft against other currencies. The deteriorating consumer sentiment was not helping the Swissie at all.
The State Secretariat for Economic Affairs reported that the consumer sentiment index fell to -6 in April from -4 in March. Analysts were expecting a slight improvement to -3.
The Federal Statistical Office reported that the Consumer Price Index rose 0.2% in April from the previous month. It was the same rate of growth as in March and matched expectations.
USD/CHF traded at about 1.0197 as of 13:01 GMT today after opening at 1.0193 and rising to the daily high of 1.0214. EUR/CHF declined from 1.1388 to 1.1380.

If you have any questions, comments, or opinions regarding the Swiss Franc, feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

85 + = ninety five