Forex: USD/CHF – Trading around 0.9200

on Jun 19, 2013
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The quote has fallen from yesterday’s high at 0.9262 and has settled around the 0.9200 level today, waiting for the two-day Fed poilicy meeting to end later today.

Today, at 10:00 BST, the Mannheim-based Centre for European Economic Research ZEW released a new survey, which showed unchanged economic expectations for Switzerland. “In June 2013 the ZEW-CS Indicator of economic expectations for Switzerland remains at the level of 2.2 points. This level exactly equals the balance of the previous month’s expectations,” ZEW said in a press release

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The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.
Later today, the US Federal Reserve is expected to release a statement following the end of its two-day policy meeting that is expected to shed light on the future of the US central bank’s $85 billion bond-buying programme. Fed Chairman Ben Bernanke to hold a news conference in Washington after the meeting.

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CHF Forex