Switzerland procure.ch Manufacturing PMI
The procure.ch Manufacturing Purchasing Managers' Index (PMI), which is produced from an executive survey on their procurement expectations for the following month, measures the performance of the manufacturing sector in Switzerland. The PMI index is It is composed of all five indicators which were evaluated based on the characteristics: New Orders (30%), Production (25%), Workforce (20%), Provider Delivery Times (15%), and Inventory of Items Purchased (10%), with the Delivery Times index reversed so that it moves in a similar direction to the other four indexes. An index value above 50 implies that the manufacturing sector has expanded in comparison to the previous month, an index value below 50 implies that the manufacturing sector has contracted, and an index value of 50 implies that there has been no change.
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 |
|
|
0.9596 -164 pips |
0.9826 -66 pips |
0.97600 | |
| GBPCHF |
|
|
1.1217 -167 pips |
1.1478 -94 pips |
1.13837 | |
| USDCHF |
|
|
0.8895 -156 pips |
0.9108 -57 pips |
0.90510 | |
| CHFJPY |
|
|
157.9018 -1200 pips |
170.0663 -16 pips |
169.905 | |
| AUDCHF |
|
|
0.5889 -102 pips |
0.6139 -148 pips |
0.59910 | |
| NZDCHF |
|
|
0.5387 -56 pips |
0.5508 -65 pips |
0.54428 | |
| CADCHF |
|
|
0.6567 -61 pips |
0.6742 -114 pips |
0.66282 | |
| CHFSGD |
|
|
1.4875 -41 pips |
1.5140 -224 pips |
1.49159 | |
| XAUCHF |
|
|
1683.9800 -8672 pips |
2172.2000 -40150 pips |
1,770.70 |
News (CHF)
Swiss Central Bank Lifts Minimum Reserve Requirement
The Swiss National Bank raised the minimum reserve requirement for domestic banks, which is set to reduce its payout. The SNB lifted the minimum reserve ratio to 4 percent from 2.5 percent. The bank also made changes to how it calculates the minimum reserve requirements.
RTTNews | 14 days ago
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 | 46 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 | 144 days ago
