Latest 10 news items tagged Swiss Franc Exchange Rate from our financial blog...
Euro to Australian Dollar Exchange Rate Hits Best since January on Solid Eurozone Data and RBA Rate Cut Bets
Published: 15 May at 1 PM 2019
The Euro to Australian Dollar (EUR/AUD) exchange rate’s rally has lasted for almost a full month now, and the pair is looking on track to sustain another strong set of gains this week unless tomorrow’s highly anticipated Australian job market report beats market expectations.
Following last week’s climb from 1.5975 to 1.6050, EUR/AUD has seen even stronger gains this week already due to another Australian Dollar selloff. At the time of writing on Wednesday, EUR/AUD was trending close to its weekly high of 1.6199, which was also...
British Pound to Euro Exchange Rate Surges on Hopes for Formal Brexit Delay
Published: 23 Jan at 4 PM 2019
Due to a stream of disappointing Eurozone ecostats published over the past week, the British Pound to Euro (GBP/EUR) exchange rate surged towards the end of Wednesday’s European session on the latest Brexit speculations.
Despite mixed demand for Euro rivals, a weaker economic outlook has left the shared currency without strong support. GBP/EUR surged from 1.1196 to 1.1328 last week on Brexit hopes and have already climbed to trend near a high of 1.1490 at the time of writing this week. This was the best level for GBP/EUR for over two...
Euro to US Dollar Exchange Rate Slips from Highs as Eurozone PMIs Fall Short
Published: 24 Jul at 3 PM 2018
A combination of the latest ecostats and stronger demand for the US Dollar following its poor performance at the end of last week has caused the Euro to US Dollar (EUR/USD) exchange rate to slip. However, EUR/USD movement is likely to remain muted until major Eurozone and US news later in the week.
Last week was a highly volatile week for EUR/USD, as the pair opened the week at the level of 1.1686 and briefly slumped to a July low of 1.1584 before surging again. EUR/USD closed the week at the level of 1.1730. Since markets opened on...
Euro to Australian Dollar Exchange Rate Advances despite Underwhelming Eurozone Confidence Results
Published: 24 Apr at 5 PM 2018
While not significantly disappointing, Tuesday’s Australian inflation results from Q1 2018 were enough to help the Euro to Australian Dollar (EUR/AUD) exchange rate advance throughout the day. This was despite some disappointing business confidence stats from major Eurozone nations.
Low Reserve Bank of Australia (RBA) interest rate hike bets and underwhelming Australian data could cause EUR/AUD to see another week of gains. Last week, EUR/AUD climbed from 1.5882 to 1.6023, and this week the pair has touched on an April high of...
Euro to US Dollar Exchange Rate Climbs Despite Higher Federal Reserve Interest Rate Hike Bets
Published: 14 Feb at 5 PM 2018
Despite some unexpectedly high US inflation data on Wednesday, the Euro to US Dollar exchange rate only saw a brief dip before trending near its daily highs towards the end of the European session. The Euro was supported by strong Eurozone growth data throughout the day.
Since opening the week at the level of 1.2253, EUR/USD has spent recent sessions climbing. While EUR/USD briefly dipped by over half a cent on Wednesday afternoon, the pair promptly recovered and touched on a weekly high of 1.2401 before European markets closed.
GBP/AUD Exchange Rate Steadies on Renewed US Dollar Caution
Published: 25 Jan at 2 PM 2018
The Pound Australian Dollar (GBP/AUD) exchange rate remained within a narrow band on Thursday morning, limited by fresh concerns for the US Dollar (USD) but supported by growing optimism for a post-Brexit UK-US trade deal.
The Pound’s performance was buoyed by new remarks from US Treasury Secretary Steven Mnuchin at the World Economic Forum in Davos, Switzerland, with Mnuchin stating that the UK will be ‘at the front of the line’ when it comes to negotiating a free-trade agreement with the US.
Mnuchin also asserted that US...
Strong Confidence Stats Push Euro to US Dollar (EUR/USD) Exchange Rate Up
Published: 23 Jan at 4 PM 2018
Forecast-Beating Eurozone Confidence Growth Increases Euro to US Dollar Demand
The Euro has risen by 0.4% against the US Dollar today, following the release of data that shows growing economic confidence across the Eurozone.
Initial ZEW economic sentiment figures have shown higher-than-forecast confidence index readings for Germany and the Eurozone.
The German data was particularly supportive, given that politically speaking, Germany remains in limbo due to ongoing coalition talks.
More recently, a Eurozone-wide consumer...
Euro to US Dollar Exchange Rate Falls as German Coalition Issues Remain
Published: 8 Jan at 3 PM 2018
Euro to US Dollar Exchange Rate Drops on Growing Concerns over German Coalition
The Euro has fallen by -0.5% against the US Dollar today, as German coalition talks drag on.
German Chancellor Angela Merkel’s CDU/CSU union took the most votes in the late 2017 federal election, although this was not enough to secure an outright majority.
As such, Merkel has been forced into uncomfortable coalition talks.
Discussions initially took place between Merkel, the Green Party and the FDP, but eventually collapsed when the FDP withdrew...
Pound Sterling to Swiss Franc Update: GBP CHF Exchange Rate Rises after Gold Price Slide
Published: 10 Jul at 4 PM 2017
The Pound has made gradual gains against the Swiss Franc on July 10th, rising from an opening exchange rate of 1.2425 to 1.2449 later in the day.
This Pound strength against the Franc has largely been caused by Swiss economic deterioration, given that the latest UK news has been somewhat negative overall.
Chief among the latest issues has been the continuation of Brexit negotiations in the area of citizens’ rights. UK Prime Minister Theresa May initially proposed a deal for EU citizens to eventually gain citizenship after 5 years...
Euro to Canadian Dollar Exchange Rate Slips as Investors Take Profit Following Macron Win
Published: 8 May at 1 PM 2017
The Euro to Canadian Dollar exchange rate slipped from its highs last week and continued to drop on Monday. This was despite general optimism in the Eurozone following the election of pro-EU Emmanuel Macron as the next President of France.
EUR/CAD advanced from 1.4879 to 1.5014 last week but was unable to hold Friday’s high of 1.5148. This was also the pair’s best level since February 2016, making profit-taking particularly appealing for EUR/CAD investors.
Euro (EUR) Slips in Profit-Taking after Macron’s Election Win