Chf forex news

Here are some recent CHF (Swiss Franc) forex news and updates:

Swiss Franc (CHF) News

  1. Swiss National Bank (SNB) keeps interest rates unchanged: The SNB left its key interest rate unchanged at -0.75% on March 18, 2023, citing the need to maintain price stability and support the Swiss economy.
  2. Swiss economy grows 0.3% in Q4 2022: The Swiss Federal Statistical Office (FSO) reported that the country's economy grew 0.3% in the fourth quarter of 2022, driven by a rebound in exports and a slight increase in domestic demand.
  3. Swiss unemployment rate falls to 2.4%: The SNB reported that the Swiss unemployment rate fell to 2.4% in February 2023, down from 2.5% in January, as the labor market continued to tighten.
  4. Swiss inflation rate rises to 2.5%: The Swiss Federal Statistical Office (FSO) reported that the country's inflation rate rose to 2.5% in February 2023, up from 2.3% in January, driven by higher prices for food, energy, and housing.
  5. Swiss Franc (CHF) strengthens against the US Dollar (USD): The CHF has strengthened against the USD in recent weeks, driven by a combination of factors including a weaker US dollar, higher interest rates in Switzerland, and a rebound in global demand for the safe-haven currency.

Forex Market Analysis

  1. CHF/USD: Bullish trend continues: The CHF/USD pair has been trending higher since the start of the year, driven by a combination of factors including a weaker US dollar, higher interest rates in Switzerland, and a rebound in global demand for the safe-haven currency.
  2. CHF/EUR: Range-bound trading: The CHF/EUR pair has been trading in a narrow range in recent weeks, with the Swiss Franc struggling to break above the 0.95 level against the Euro.
  3. Swiss Franc (CHF) outlook: The SNB is expected to keep interest rates unchanged in the near term, which could support the CHF and lead to further gains against the USD and other major currencies.

Economic Indicators

  1. Swiss GDP growth: The Swiss economy is expected to grow around 1.5% in 2023, driven by a rebound in exports and a slight increase in domestic demand.
  2. Swiss inflation rate: The Swiss inflation rate is expected to rise to around 2.7% in 2023, driven by higher prices for food, energy, and housing.
  3. Swiss unemployment rate: The Swiss unemployment rate is expected to remain low, around 2.3%, in the near term, driven by a tight labor market and a lack of skilled workers.

I hope this information is helpful!