31 days ago • Posted by Ajmir Omid
#USDCHF rallies as expectations deteriorate #Swiss #franc #trading
The Swiss franc is having a hard time against the dollar. The haven currency is weakened by nearly 3% since the start of the month. The worsening Swiss KOF leading indicator yesterday together with today's softer ZEW expectation reading are signalling a weaker economy for the land of cheese and chocolate. Nonetheless, traders need to be cautious as the Swiss National Bank has previously mentioned that it will step into the forex market should the currency weaken too much.