Tag Archives: CHF

USD & CHF REACT TO FED & SNB

The US Dollar (USD) gained overnight as the Federal Reserve kept rates near zero and sounded more optimistic on the economy whilst maintaining their pledge to be patient on increasing interest rates. The Dollar appreciated against the Euro and the Pound forcing EUR/USD to a low of 1.2266 and GBP/USD to 1.5551.

In Europe, the Swiss Franc (CHF) has depreciated sharply today as the Swiss National Bank (SNB) introduced negative rates to try and stem the rise of the Franc pushing EUR/CHF from 1.2009 to a high of 1.2097 before settling around 1.2045. The US Dollar also gained against the Franc with USD/CHF appreciating from 0.9722 to 0.9846.