The Swiss franc gained against the dollar on Friday, amidst widespread dollar weakness as markets eyed a possible easing of credit costs in the United States. Negative news flow from the United States had strengthened expectations that the Federal Reserve would cut interest rates next week, putting pressure on the dollar across the board.
Markets are also awaiting producer price data for September for further clues on the strength of the Swiss economy. The central bank would not mechanically react to a change in inflation prospects. The Swiss franc was 0.05 percent stronger against the dollar at 1.1644 francs per dollar, while it was 0.11 percent weaker against the euro at 1.6716 per euro.
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