Outlook for Declining US House Prices Bolsters Swiss Franc

The Swiss franc rallied today versus the US dollar on the speculation that the declining house prices would prompt the Federal Reserve to keep the interest rates near zero.

The experts estimated that the Standard & Poor’s Case-Shiller (CS) House Price Index would show a decline by 0.1 percent in tomorrow’s report. The lackluster demand for the housing signals that the economy of the US isn’t strong enough yet to survive without stimulus.

USD/CHF dropped from 0.9601 to 0.9453 as of 12:02 GMT today.

If you have any questions, comments or opinions regarding the Swiss Franc,
feel free to post them using the commentary form below.