05/10/2018

The Swiss franc weakens

After taking its safe-haven role CHF loses points against the euro

The Swiss franc weakens

The Swiss franc had reached 1.12 in September driven by the Italian crisis. He had therefore played his role of safe haven to perfection but the situation has changed in recent weeks.

 

Indeed, the Swiss central bank (SNB) has published a downward revision of inflation in Switzerland which suggests that the SNB will not increase its interest rates anytime soon.

 

This information undeniably weighs on the currency which loses its interest for investors despite the very good results of the Swiss economy and this despite the various factors that put pressure on the euro (see article 03/10). The CHF thus weakened and the EURCHF price is 1.1430 this Friday.


The loss of attractiveness of the Swiss franc could therefore benefit other medium-term safe havens

News See all
Here you will find important information on economic and financial news as well as information that may have an impact on your investments in gold or foreign currencies
All you need to know about gold jewellery
2024-11-08

All you need to know about gold jewellery

Gold jewellery, synonymous with luxury and elegance, has played a central role in civilisations throughout the ages. Worn for their beauty, durability and symbolic...
Gold hits all-time highs
2024-11-07

Gold hits all-time highs

Gold closed the month of October at €2520/ounce for a monthly gain of 6.5%, continuing its string of all-time highs. Since the start of 2024, the yellow metal is up 35% at...
Australian Lunar Gold Coins: a numismatic work of art
2024-11-07

Australian Lunar Gold Coins: a numismatic work of art

The Lunar Series of gold coins minted by the Perth Mint represent a unique combination of culture, art and first-class investment. Since their launch in 1996, these coins...
Understanding the Exter Pyramid and its use in global finance
2024-10-10

Understanding the Exter Pyramid and its use in global...

The Exter pyramid was conceived in the 1960s by John Exter, a former economist at the US Federal Reserve, at a time when economic crises were becoming recurrent. Having...