Currency Note Worldwide

Swiss franc sees instability

By Smart Currency May 27th, 2015

The Swiss franc had a volatile day but ultimately ended up where it began. Some good data in the morning showed employment levels to be higher than expected, which boosted it against the UK currency, but sterling strength in the afternoon soon recouped the lost ground. Today there is no major data released, but it is worth noting the UBS Consumption Indicator out in the morning.

Yesterday the Canadian dollar followed its upward trend of the last two months, sitting comfortably above 1.90 against sterling. Today sees the release of Bank of Canada Rate statement and Overnight Rate. Failure to hit expectations in the overnight rate could benefit the Canadian dollar. Canada will also be taking part in the G7 meetings starting today.

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