The Swiss Franc pares early gains after change in market sentiment. The Franc had risenafter the ZEW survey showedSwiss investors wereoptimistic about the economic outlook. The survey showed an increase in sentiment for the second month in a row. USD/CHF hits a key upside target and rolls over – potentially initiating a pullback. The Swiss Franc is trading lower on Wednesday after a shift in market sentiment and a broad-based rise in the US Dollar .
The first target for such a move would be the range lows at roughly 0.8715. Swiss Franc FAQs What key factors drive the Swiss Franc? The Swiss Franc is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank , among other factors.
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Source: FXStreetNews - 🏆 14. / 72 Read more »