Other Currencies – Highlights The Swiss Franc has weakened against the majors despite better than forecast second quarter GDP data. The Swiss economy has shown signs of recovery lately and the upbeat GDP data achieved on the back of a rise in private consumption only adds to this optimistic view on the economy. However, the Swiss Franc failed to register any upside movement against the US Dollar, as demand for the greenback remained intact on expectations that the US Fed might begin scaling back its asset purchase programme later this month. With major domestic economic indicators out for the day ...
Posted on: Tue, 03 Sep 2013 11:40:57 +0000