Open Demo Account
Home / Market Update / Forex Market / Swiss Franc declined from its highest level in three months

Swiss Franc declined from its highest level in three months

Adel 21 November, 2022 4:44 pm Forex Market, Market Update

The Swiss franc fell towards 0.95 against the US dollar, down from a three-month high of 0.94 touched on November 11th.

Swiss currency is under pressure posed by the strength of the US currency, in conjunction with recession fears and hard signals from the Federal Reserve. However, hawkish policy signals from the Swiss Bank supported the franc staying above the 3-1/2 year low of 1.01 on November 3rd.

Tags

Check Also

Fed’s Cook Notes Orderly Bond Markets in April, Signals Rising Household Stress

Federal Reserve Governor Dr. Lisa Cook, speaking at a New York University event, observed that …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends