Market Research: CHF

Source: Dukascopy Bank SA
Swiss franc index was one the better performers amongst currency indices, but lagged quite a bit behind the best performers in the period of the analysis—NZD and GBP indices. US job market dragged the CHF index down by 0.25% on Friday, but it recovered soon after and ended the day 0.06% above the base (opening) value. Although there were lack of data releases/events on Monday CHF continued to demonstrate bullish bias and ended day 0.25% above the base value. Surprisingly, things changed on Tuesday. Australian Business Confidence data had a clear impact all over the market. Swiss franc index started to trail down after that and ended the day 0.22% below the base value.

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