Currency Note Worldwide

Swiss franc buoyant

By Smart Currency December 11th, 2013

Elsewhere yesterday we saw the Swiss franc advance, touching the strongest level against the euro in seven months, and month-long highs against a strong sterling. The franc strength is amid traders’ anticipation of Thursday’s monetary policy assessment by the Swiss National Bank. The central bank imposed a cap of 1.20 francs per euro in 2011, but a string of data out of Switzerland, including higher than forecast GDP figures and an unexpected rise in inflation levels, triggered speculation of a possible alteration of the band. We saw the Canadian also have a good day of it yesterday, as the price of crude oil, Canada’s biggest export, hit six-week highs. The Japanese yen also recovered slightly yesterday off the back of a difficult start to the week. This evening we have a New Zealand interest rate decision and central bank conference. Get in touch with your trader for a live rate.