The Swiss franc on Wednesday in the course of trade to the two main currencies. The currency pair EUR / CHF fell early in the afternoon, under the brand of 1.09, and the pair Dollar-Swiss franc below 0.99.
A Euro was worth around 13.15 specifically 1,0897 francs to 1,0929 on the eve of which, the Swiss franc rose to its highest level for around five weeks. A US Dollar was meanwhile high in 0,9998 francs to 0,9928 on the eve of a 1-week.
participants in the market explain the higher demand for the Swiss franc, with the re-emergence of uncertainty about the progress of the trade dispute between the United States and China. US President, Donald Trump had threatened duties on Tuesday evening, with the additional Penalty, if no agreement is reached between the two largest economies in the world come into existence.
Also, SNB President Thomas Jordan had declared once more that the Swiss franc is highly valued. In an exchange with the Federal government, he said that in view of the continuing high valuation of the Swiss franc, the monetary policy with negative interest rates, and intervention readiness unchanged is not necessary. (sda/red)
Created: 13.11.2019, 14:25 PM
