Singapore dollar shows traits of a safe-haven currency, but it is not yet on par with the yen or Swiss franc.
Workers counted Singapore Dollar notes in the financial hub at Raffles Place on October 6, 2022. Amidst market uncertainty, investors seem to gravitate towards safe assets like gold, Japanese yen, US dollars, and Swiss francs. These are generally viewed as reliable during tumultuous market conditions. Even though the US dollar is still favored globally, it […]
Dollar edges down before Fed speakers, data; Swiss franc rises after SNB – Yahoo Finance
Stefano Rebaudo (Reuters) – The safe-haven dollar edged lower on Thursday as risk appetite rose, with traders focusing on speeches by the Federal Reserve's top policymaker and economic data due later in the day for clues about the pace of interest-rate cuts. Meanwhile, the Swiss franc strengthened after the Swiss National Bank cut interest rates […]
Swiss franc primed for further gains with the SNB on the cards – ForexLive
Although there has been some scuffling so far in June trading, USD/CHF finally fell below a key support threshold yesterday. USD/CHF daily chart The 200-day moving average (blue line) fell back along the 61.8 Fib retracement level of this year’s upward swing. The pair’s decline is noteworthy as downward momentum continues to strengthen after dropping […]