USD/CHF (CHF=X)
| Previous close | 0.8961 |
| Open | 0.8961 |
| Bid | 0.8968 |
| Day's range | 0.8949 - 0.8971 |
| 52-week range | 0.8330 - 0.9243 |
| Ask | 0.8968 |
Yahoo Finance UKIs now the best time to buy travel money for summer holidays?
The euro has plummeted against the pound to an almost two-year low. Here's what it means for you and your travel money.
- Reuters
FOREX-Swiss franc at nine-year high as dollar weakens ahead of inflation data
The Swiss franc hit its strongest level against the dollar in nearly nine years on Friday, and the euro reached a four-month high as the greenback stayed under pressure ahead of the release of a key U.S. inflation gauge later in the day. The dollar has been softening in recent months as data shows U.S. inflation is slowing and traders ramp up bets of how much the Federal Reserve will be cutting interest rates in 2024. Among the beneficiaries of the dollar's weakness have been the euro, which on Friday rose 0.12% to $1.1024, its highest since mid-August, and the Australian dollar which squeezed up a fraction on the day to $0.6807, its highest since late July.
ReutersAnalysis-Swiss franc shines as investors scramble for safe assets
The potential for the Israel-Hamas conflict to worsen and poor corporate earnings have sent investors scrambling for safety with few havens left, as high-for-longer U.S. rate expectations batter government bonds and the yen. Enter the Swiss franc, a longstanding safe haven asset thatjust hit its highest level against the euro since 2015, standing tall as its traditional rivals lose appeal. "Markets are caught between a rock and a hard place, with a surge in risk aversion where bonds provide no protection," said Florian Ielpo, head of macro at Lombard Odier Investment Managers in Geneva.
