in US
The USD/CHF exchange rate is currently at 0.9400, with the Swiss Franc (CHF) being the stronger currency. This is due to a combination of soft Swiss economic data and inflationary pressures in the United States.
Swiss economic data has been soft in recent months, with the Swiss National Bank (SNB) cutting its growth forecasts for 2019 and 2020. This has caused the Swiss Franc to weaken against the US Dollar, pushing the exchange rate to 0.9400. The SNB also announced that it would keep its interest rate at -0.75%, which has further weakened the Franc.
In contrast, the US economy has been experiencing inflationary pressures. The Federal Reserve recently raised interest rates, which has strengthened the US Dollar and pushed the exchange rate higher. Additionally, the US economy is currently in a period of strong growth, with unemployment at its lowest level in decades and consumer spending continuing to increase.
The combination of soft Swiss economic data and inflationary pressures in the US has caused the USD/CHF exchange rate to reach 0.9400. This is a significant shift from earlier this year when the exchange rate was at 0.9800. It remains to be seen if this trend will continue or if the exchange rate will return to its previous level.
Overall, the current USD/CHF exchange rate of 0.9400 reflects a combination of soft Swiss economic data and inflationary pressures in the US. This exchange rate could continue to remain at this level or it could change depending on future economic conditions in both countries.
Source: Plato Data Intelligence: PlatoAiStream
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