Logo-color Logo-white

Swiss Franc saw a significant rebound in European session, driven by stronger-than-expected inflation figures for April. Despite this upside surprise, inflation remained within SNB’s target range of 0-2% for the eleventh consecutive month. Currently, economists are still largely anticipating a further 25 basis point rate cut by SNB in June, which would adjust the policy […]

The post Swiss Franc Rebounds on Strong Inflation Data, Yen Standing Tall appeared first on Action Forex.

previous

Sentiment Stabilizes after FOMC, Yen Jumps Again on Alleged Strategic Intervention

next

Dollar Weakness Continues as Focus Shifts to Non-Farm Payroll Data

Read More

Markets Shaken by US Recession Fears, BoC Rate Cut Awaited
04/09/2024

Markets Shaken by US Recession Fears, BoC Rate Cut Awaited

Risk aversion swept across US markets overnight, with the selloff extending into Asian trading, driven by renewed fears of a recession. Weak US manufacturing data brought economic concerns back into focus, leading to a sharp 600-point drop in DOW and a more than 3.2% plunge in NASDAQ. The negative sentiment spread broadly across asset classes, […]
Euro Rebounds on French Election Relief; Market Eyes Central Bank Minutes and Key Data
01/07/2024

Euro Rebounds on French Election Relief; Market Eyes Central Bank Minutes and Key Data

Euro is staging a solid rebound today, with investors feeling somewhat reassured by the preliminary results of French parliamentary elections. While the far-right National Rally made significant gains with approximately 34% of votes in the first round, this is insufficient for an outright majority in the second round scheduled for July 7. The National Rally’s […]
Yen and Swiss Franc Recover as Benchmark Yields Ease
16/08/2024

Yen and Swiss Franc Recover as Benchmark Yields Ease

As the US session gets underway, both Yen and Swiss Franc are beginning to recover, aided by the slight pullback in benchmark Treasury yields in the US and Europe. This recovery comes after a tough week for the two safe-haven currencies, which have been the worst performers amid broad risk-on sentiment. Despite today’s gains, Yen […]