Switzerland GDP Growth Rate YoY
Micro-technology, high-tech, biotechnology, and pharmaceuticals, as well as banking and insurance expertise, are all major sectors of Switzerland's economy, which is one of the most prosperous nations in the world.
A higher than expected figure should be seen as positive (bullish) for the CHF while a lower than expected figure should be seen as negative (bearish) for the CHF.
Forex Sentiment (CHF)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURCHF |
|
|
0.9568 -133 pips |
0.9801 -100 pips |
0.97010 | |
| GBPCHF |
|
|
1.1171 -187 pips |
1.1456 -98 pips |
1.13580 | |
| USDCHF |
|
|
0.8955 -172 pips |
0.9197 -70 pips |
0.91270 | |
| CHFJPY |
|
|
160.4544 -883 pips |
168.8894 +40 pips |
169.285 | |
| AUDCHF |
|
|
0.5822 -32 pips |
0.5984 -130 pips |
0.58540 | |
| NZDCHF |
|
|
0.5379 +3 pips |
0.5458 -82 pips |
0.53761 | |
| CADCHF |
|
|
0.6555 -63 pips |
0.6769 -151 pips |
0.66181 | |
| CHFSGD |
|
|
1.4895 -38 pips |
1.5144 -211 pips |
1.49333 | |
| XAUCHF |
|
|
2037.6060 +26691 pips |
2189.8350 -41913 pips |
1,770.70 |
News (CHF)
Switzerland's Central Bank Unexpectedly Cuts Policy Rate
The Swiss National Bank made a surprise interest rate cut on Thursday and became the first major central bank to ease the policy in the current cycle as the fight against inflation over the last two and a half years has been effective. The SNB unexpectedly lowered the policy rate by 25 basis points to 1.5 percent. Markets had expected the bank to keep the rate unchanged.
RTTNews | 26 days ago
Switzerland's Central Bank Retains Key Rate, Cuts Inflation Outlook
The Swiss National Bank kept its benchmark rate unchanged on Thursday and turned more dovish as it lowered the inflation forecast and altered the policy stance on forex interventions. The SNB Governing Board, chaired by Thomas Jordan, decided to hold the policy rate at 1.75 percent. The SNB policy rate has been raised by a cumulative 2.5 percentage points since June 2022.
RTTNews | 124 days ago
Swiss Govt Sees "Well Below Average Growth" Next Year
The Swiss economy is set to register well below average growth in 2024 as the weaker momentum in the euro area hurts Swiss exports and higher financing cost curbs investment, the State Secretariat for Economic Affairs, or SECO, said Wednesday. In the economic forecast, the expert group of the SECO said gross domestic product will grow 1.3 percent this year.
RTTNews | 125 days ago
