Categories: Market

Since the abolition of the minimum exchange rate for the euro: the franc has never been this expensive!

class = “sc-cffd1e67-0 fmXrkB”>

1/2
Frank continues to get stronger.

The Swiss franc is probably more expensive than ever against the euro. By Wednesday afternoon the euro had fallen below 0.94 francs against the franc, costing 0.93525 francs at its low in the early evening.

This is a record low, according to market observers: “The euro may have fallen further when the minimum exchange rate was removed in January 2015. However, it is very unclear whether money is paid for such a course. “I don’t think we’ve ever been this low since the euro was introduced,” one trader told AWP news agency.

US dollar is also falling

The US dollar also decreased significantly against the franc, falling to 0.8408 francs. This is the lowest level since the minimum exchange rate for the euro was abolished in January 2015. That morning the dollar cost 0.8550 francs, which is much more.

More about Strong Frank
Only worth 85 cents
Dollar falls to multi-year low against Swiss franc
Vacation, shopping, retirement
Five advantages of a low euro for us in Switzerland
Analysts urgently warn
“Don’t bet against the Swiss Franc!”

The dollar also fell significantly against the euro on Wednesday. The reason for the weakening of the dollar continues to be interest rate expectations. This means market participants are assuming the US Federal Reserve will cut interest rates quickly and sharply next year.

The dollar has been in a downward trend since mid-December. At that time, the US Federal Reserve’s forecasts showed that a sharper interest rate cut was expected in the new year than the previous one. The market currently assumes that the Fed will cut interest rates particularly quickly and significantly in 2024 relative to other major central banks. (SDA/wgr)

external content
Would you like to see this additional content (Tweet, Instagram, etc.)? If you agree to the setting of cookies and the transmission of data to external providers, you can allow all cookies and view external content directly.

Source :Blick

Share
Published by
Tim

Recent Posts

Terror suspect Chechen ‘hanged himself’ in Russian custody Egyptian President al-Sisi has been sworn in for a third term

On the same day of the terrorist attack on the Krokus City Hall in Moscow,…

1 year ago

Locals demand tourist tax for Tenerife: “Like a cancer consuming the island”

class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…

1 year ago

Agreement reached: this is how much Tuchel will receive for his departure from Bayern

class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…

1 year ago

Worst earthquake in 25 years in Taiwan +++ Number of deaths increased Is Russia running out of tanks? Now ‘Chinese coffins’ are used

At least seven people have been killed and 57 injured in severe earthquakes in the…

1 year ago

Now the moon should also have its own time (and its own clocks). These 11 photos and videos show just how intense the Taiwan earthquake was

The American space agency NASA would establish a uniform lunar time on behalf of the…

1 year ago

This is how the Swiss experienced the earthquake in Taiwan: “I saw a crack in the wall”

class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…

1 year ago