The Swiss franc jumped to the record versus the US dollar after the macroeconomic data suggested that the economic growth in the US slowed.
The Federal Reserve Bank of Philadelphia index of the manufacturing conditions slumped from 43.4 in March to 18.5 in April. The US jobless claims decreased to 403,000 last week, while analysts expected a decrease to 394,000.
USD/CHF fell from 0.8879 to 0.8818 today as of 15:06 GMT after it reached earlier the record low of 0.8779.
If you have any questions, comments or opinions regarding the Swiss Franc,
feel free to post them using the commentary form below.
Be First to Comment