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Forex

Swiss Franc Hits Fresh Lows as Investor Sentiment Weighs on Economy

Guavy AI Editorial Team
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USD CHF
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The Swiss Franc (CHF) hit a fresh 16-month low on Thursday as investor expectations for the Swiss economy dropped to their lowest level in three months. The SNB maintained its policy rate at 0% and reaffirmed its readiness to intervene in forex markets.

According to the Swiss ZEW survey, investor expectations fell to 2.6 in September, down from 12.1 previously. Despite the drop, analysts view the underlying condition of the Swiss economy positively, but concerns over inflation have heightened.

The USD/CHF currency pair continued its winning streak for the seventh consecutive trading day, reaching a fresh 16-month high of 0.8367 during Asian hours on Thursday.

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