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CCY - CCY Delayed Price. Currency in CHF
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0.9503+0.0044 (+0.4652%)
As of 12:29PM BST. Market open.
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  • Investing.com

    Dollar Hands Back Some Gains; Nears One-Week Low

    The U.S. dollar edged lower in early European trade Tuesday, moving close to a one-week low, as traders eased expectations that the U.S. Federal Reserve will hike by a full percentage point this month. The dollar has been gradually retreating from its multi-year high as expectations of a super-sized tightening by the Fed at the end of July have been reined in, especially after two of the most hawkish FOMC members – James Bullard and Chris Waller – said that their base case was still a 75 basis point move. “We doubt that between now and the 27 July FOMC meeting, markets will seriously reconsider a 100bp increase; first, because the Committee has entered its blackout period, and there are therefore no speakers until next week and second, because the U.S .data flow is set to be mostly second-tier this week,” said analysts at ING, in a note.

  • Reuters

    Swiss franc in biggest daily jump since 2015 after rate hike

    LONDON (Reuters) -Switzerland's franc soared on Thursday after the Swiss National Bank took markets by surprise with a large interest rate hike, putting the currency on track for its biggest one-day rise against the euro in more than seven years. The central bank had broadly been expected to stand pat on a -0.75% interest rate that was the lowest in any major developed country, though some banks had suggested a quarter-point was possible. Instead, the SNB increased its policy rate to -0.25% from the -0.75% level it has deployed since 2015.

  • Reuters

    Swiss franc soars after shock rate hike; pound rises

    The Swiss franc soared against the dollar and the euro on Thursday after the Swiss National Bank delivered a surprise interest rate hike, while the British pound rose after the Bank of England delivered a rate hike of its own. The SNB joined other central banks in tightening monetary policy in its first rate hike in 15 years, increasing its policy rate to -0.25% from the -0.75% it has deployed since 2015. The move put the Swiss franc on pace for its largest daily jump against the euro since the SNB ditched its currency peg in 2015, with the common currency tumbling 1.9% to 1.019 francs, a 2-month low.