The Swiss Franc was one out of four losers during the last five trading days, with CHF index posting a 0.68% drop. At the same time, other currencies that are considered as safe-haven, including the Yen, Aussie and kiwi, posted solid gains. The Yen soared 1.7% over the period, as together with risk-on sentiment, comments from the Bank of Japan diminished hopes for fresh stimulus soon, resulting in a strong interest in the Yen. Moreover, the currency is likely to appreciate further, as weak labour data from the United States dragged the USD 0.55% lower, while boost the Bank of Japan is unlikely to be short-lived. The single currency was steadily depreciating over the observed period following ECB's meeting.
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