020 7898 0500Elsewhere 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.
