NEWS

We wish you all the best for the new year.

The ExchangeMarket.ch Team

The good run of the euro has abruptly came to an end on Thursday afternoon, after the European Central Bank had finally announced its decision on continuation of loose monetary policy that has been conducted for years now. The cautious move of halving the stimulus, saw EUR/USD exchange rate fell to 1.1722 dollars.

On Wednesday, 18th October, the exchange rate of CHF/PLN hit the lowest point in 33 months as it got below 3.66 zlotys at some point of the day. The downfall started on Tuesday, 17th, with buy Swiss Franc price being below 3.67 zlotys at some point during daily trading.

The newest economy data from Switzerland brought bitter-sweet results as jobless rate remains quite stable, but inflation accelerated. Swiss Franc exchange rate showed mixed trading against major currencies ahead of unemployment rate results’ publication, but no major alteration should occur as the rate marginally missed expectations.

The beginning of October saw the euro in not-so-great shape – the currency got weaker against the US dollar. EUR/USD pair was on 1,1730 at the lowest point during Monday, October 2nd. The main reason for that was the Catalonia independence vote conducted on Sunday. Any instability in the eurozone – both political and economic – prompts investors to sell euro and buy Swiss Francs, US dollars or Japanese yens instead.