Skip to content Swiss Franc Falls as SNB Eyes Rate Cuts in December
The Swiss Franc’s value is now around 0.867 US dollars, one of the lowest in the last two months. This drop is mainly because the US dollar is getting stronger as the US presidential election nears.
Additionally, the US Federal Reserve plans to slowly reduce its financial support because the US economy is showing strong performance. The USD/CHF 4-hour chart below demonstrates the price, support, and resistance levels.
Swiss Inflation Drops to 0.8%, More Rate Cuts Likely
In Switzerland, the rate of inflation—or how quickly prices are rising—is slowing down. It fell for three months, reaching only 0.8% in September, the lowest in over three years.
Because of this, experts think the Swiss National Bank might again lower interest rates at its December meeting to help the economy. The bank has already reduced its main interest rate to 1% in September, the third cut in a row, and has said more cuts might be needed if inflation keeps falling.
About The Author
Comments are closed.