The Swiss franc gained today even though the market sentiment was favorable to riskier currencies, not the safer ones. Domestic macroeconomic data was positive but did not seem to play a part in the currency’s rally.
The Swiss manufacturing Purchasing Managers’ Index rose from 57.4 to 57.7 in November. Analysts had predicted a decline to 56.3. Retail sales climbed 0.8% in October from the previous year, while the median forecast had promised a drop by 0.7%.
USD/CHF declined from 0.9989 to 0.9976 as of 17:19 GMT today. CHF/JPY edged up from 113.72 to 113.83.
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Positive Market Sentiment Does Not Prevent Rally of Swiss Franc
