Daily Foreign Currency Exchange Rate Forecasts For USD, EUR, GBP and CHF.
Last night’s Federal Reserve FOMC minutes dropped heavy hints that additional QE might be on the menu later in the year. Initially this caused investors to move against the US DOLLAR during last night’s Asian session. However, the Buck has pared these losses during today’s session, partly due to worse than anticipated US labour market data released this afternoon. The current GBP USD exchange rate sits at 1.5878.
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Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CHF.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.5670.
EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1511.
AUSTRALIAN DOLLAR – The Pound Australian Dollar exchange rate (GBP/AUD) is 1.5775.
SWISS FRANC – The Pound Swiss Franc exchange rate (GBP/CHF) is 1.4043.
For other live currency exchange rates and a currency converter see the currency news website.
International Money Transfer? Ask our resident FX expert a money transfer question or try John's new, free, no-obligation personal service!,where he helps every step of the way, ensuring you get the best exchange rates on your currency requirements.
USD/CHF.
The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which they maintain their banking operations has made them one of the more desireable locations for storing cash. This has helped to bring considerable strength to the Swiss Franc, pressuring exporters from the nation. When the European Debt Crisis enveloped the continent, massive inflows into Swiss Francs made the situation worse until eventually the Swiss National Bank (SNB) created a peg to the Euro at a rate of 1.2 Swiss Francs for every 1 Euro. If the EURCHF currency pair fell below 1.20, the SNB proposed to sell CHF and buy EUR to support the 1.20 floor.
Support & Resistance.
Asia AM Digest: ECB Sinks Euro, Yen Gains as Stocks Flounder.
by DailyFX Research.
The Euro plunged after the ECB poured cold water on hopes that stimulus may be withdrawn in the near future. The Yen rose as global stock markets plunged.
by John Kicklighter.
by Ilya Spivak.
by DailyFX Research.
by James Stanley.
Real Time News.
USD/CHF Forecast.
Analyst Picks.
Nick Cawley.
Expertise: Fundamental and Technical.
Average Time Frame of Trades: One week to several weeks.
Pivot Points data provided by IG.
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EUR/CHF.
The Euro-Zone is the largest monetary union in the world and the Euro is one of the most popularly traded currencies in FX. Throughout history there have been numerous times the euro has been used as a funding currency during times of global economic uncertainty. Historically, Switzerland has been a major banking center and a haven for funds across the globe. However, this status is in question due to stricter financial regulations.
by Christopher Vecchio.
With PMI readings pointing to growth momentum at multi-years highs and inflation expectations at their highest level of 2017, an upgrade to the European Central Bank’s 2018 forecasts could help the Euro reverse some of its recent losses.
by Christopher Vecchio.
by Christopher Vecchio.
by John Kicklighter ; Ilya Spivak ; Christopher Vecchio ; Paul Robinson ; James Stanley ; David Cottle and Daniel Dubrovsky.
by Christopher Vecchio.
Real Time News.
EUR/CHF Forecast.
Analyst Picks.
Martin Essex, MSTA.
Analyst and Editor.
Expertise: Economics and Technical Analysis.
Average Time Frame of Trades: Few days - Few weeks.
Pivot Points data provided by IG.
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