Swiss Franc Exchange Rate News

Despite fresh signs of resilience in the Eurozone economic outlook, the Euro to US Dollar (EUR/USD) exchange rate has been struggling to recover from this week’s lows as the US Dollar remains broadly appealing in comparison. Unless upcoming US data disappoints investors, the Euro may have a difficult time mounting a more solid recovery. Since opening this week at the level of 1.1771, EUR/USD has been struggling to hold its ground. EUR/USD tumbled in the middle of the week and hit a low of 1.1704 - the worst level for the pair all...

The Euro to US Dollar (EUR/USD) exchange rate has seen intensifying volatility and fluctuations since last night, as the results of the 2020 US Presidential Election turn out to be far less clear than expected. Since opening this week, EUR/USD been trending with a largely downside bias as investors continue to avoid risks. EUR/USD opened the week at the level of 1.1676 and has touched on lows of 1.1617. This is the worst level for the pair since July. EUR/USD has attempted to gain on hopes that the election result will become...

The Euro to Australian Dollar (EUR/AUD) exchange rate’s rally has lasted for almost a full month now, and the pair is looking on track to sustain another strong set of gains this week unless tomorrow’s highly anticipated Australian job market report beats market expectations. Following last week’s climb from 1.5975 to 1.6050, EUR/AUD has seen even stronger gains this week already due to another Australian Dollar selloff. At the time of writing on Wednesday, EUR/AUD was trending close to its weekly high of 1.6199, which was also...

Due to a stream of disappointing Eurozone ecostats published over the past week, the British Pound to Euro (GBP/EUR) exchange rate surged towards the end of Wednesday’s European session on the latest Brexit speculations. Despite mixed demand for Euro rivals, a weaker economic outlook has left the shared currency without strong support. GBP/EUR surged from 1.1196 to 1.1328 last week on Brexit hopes and have already climbed to trend near a high of 1.1490 at the time of writing this week. This was the best level for GBP/EUR for over two...

A combination of the latest ecostats and stronger demand for the US Dollar following its poor performance at the end of last week has caused the Euro to US Dollar (EUR/USD) exchange rate to slip. However, EUR/USD movement is likely to remain muted until major Eurozone and US news later in the week. Last week was a highly volatile week for EUR/USD, as the pair opened the week at the level of 1.1686 and briefly slumped to a July low of 1.1584 before surging again. EUR/USD closed the week at the level of 1.1730. Since markets opened on...

While not significantly disappointing, Tuesday’s Australian inflation results from Q1 2018 were enough to help the Euro to Australian Dollar (EUR/AUD) exchange rate advance throughout the day. This was despite some disappointing business confidence stats from major Eurozone nations. Low Reserve Bank of Australia (RBA) interest rate hike bets and underwhelming Australian data could cause EUR/AUD to see another week of gains. Last week, EUR/AUD climbed from 1.5882 to 1.6023, and this week the pair has touched on an April high of...

Despite some unexpectedly high US inflation data on Wednesday, the Euro to US Dollar exchange rate only saw a brief dip before trending near its daily highs towards the end of the European session. The Euro was supported by strong Eurozone growth data throughout the day. Since opening the week at the level of 1.2253, EUR/USD has spent recent sessions climbing. While EUR/USD briefly dipped by over half a cent on Wednesday afternoon, the pair promptly recovered and touched on a weekly high of 1.2401 before European markets closed. The...

The Pound Australian Dollar (GBP/AUD) exchange rate remained within a narrow band on Thursday morning, limited by fresh concerns for the US Dollar (USD) but supported by growing optimism for a post-Brexit UK-US trade deal. The Pound’s performance was buoyed by new remarks from US Treasury Secretary Steven Mnuchin at the World Economic Forum in Davos, Switzerland, with Mnuchin stating that the UK will be ‘at the front of the line’ when it comes to negotiating a free-trade agreement with the US. Mnuchin also asserted that US...

Forecast-Beating Eurozone Confidence Growth Increases Euro to US Dollar Demand The Euro has risen by 0.4% against the US Dollar today, following the release of data that shows growing economic confidence across the Eurozone. Initial ZEW economic sentiment figures have shown higher-than-forecast confidence index readings for Germany and the Eurozone. The German data was particularly supportive, given that politically speaking, Germany remains in limbo due to ongoing coalition talks. More recently, a Eurozone-wide consumer...

Euro to US Dollar Exchange Rate Drops on Growing Concerns over German Coalition The Euro has fallen by -0.5% against the US Dollar today, as German coalition talks drag on. German Chancellor Angela Merkel’s CDU/CSU union took the most votes in the late 2017 federal election, although this was not enough to secure an outright majority. As such, Merkel has been forced into uncomfortable coalition talks. Discussions initially took place between Merkel, the Green Party and the FDP, but eventually collapsed when the FDP withdrew...