Swiss Franc Depreciates as Global Economy Looks Good
The Swiss franc dropped today on the speculation that the global economic growth will offset the influence of the European
The
USD/CHF advanced from 0.9081 to 0.9136 and EUR/CHF rose from 1.2872 to 1.2928 as of 12:19 GMT today.
If you have any questions, comments or opinions regarding the Swiss Franc, feel free to post them using the commentary form below.
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Credit Rating, Crisis, EU Summit, EUR/CHF, European Union, Franc, Portugal, Standard & Poor's, Switzerland, USD/CHF
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Earlier News About the Swiss Franc:
- Swiss Franc Gains as Radiation Leaks Out of Japan's Nuclear Plant (2011-03-23)
- SNB Holds Libor Rate, Franc Fluctuates (2011-03-17)
- Libyan Uprising and Higher Oil Prices Aid Swiss Franc (2011-03-09)
- Swiss Franc Pushed Up by Demand for Safety (2011-03-05)
- Swiss Franc Rise to Record as Traders Shun Risk (2011-02-24)
2 Comments
The debt crisis in Europe is really causing big problems to the whole Union. Really countries like Portugal, Greece and Ireland should pay more attention to their finances and their fiscal policy.
What caused the nearly relentless march toward a stronger Swiss Frank? Will it continue to cheapen vs the dollar? What are the primary drivers of it’s value now?