Story preview
Continue reading on the publisher site for the full article.
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
7
in the last 3 days
First reported
2 days ago
6 outlets since
Countries
6 other outlets reported this story in the last 3 days.
Context from Wikipedia on the organisations, people and places in this story.
Currency of Switzerland and Liechtenstein
The Swiss franc or simply the franc, is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia, which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues the banknotes, and the federal mint Swissmint issues the coins.
More on Wikipedia ↗
Currency of the United States
The United States dollar is the official currency of the United States (U.S.) and several other countries. The U.S. Coinage Act of 1792 established the dollar as the base unit, with each dollar divided into 100 cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color.
More on Wikipedia ↗USD/CHF continues its winning streak for the seventh consecutive trading day, reaching its fresh 16-month high of 0.8367 during Asian hours on Thursday. The currency pair appreciated as the Swiss Franc (CHF) lost ground due to sharply weakening investor sentiment in September.
Swiss franc hits a 16-month low as the Fed hikes and the SNB holds at 0%, widening the U.S. rate gap and lifting USD/CHF to 0.8358.
The Swiss franc weakened past 0.83 per USD, reaching a 16-month low amid a widening interest rate differential with other major economies.Contrasting with other central banks, the Swiss National Bank left its key rate unchanged at 0% at its September meeting, maintaining a cautious stance while als…