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Australian Dollar/Swiss Franc (AUD/CHF) Exchange Rate
AUD/CHF Pivot Points
AUD/CHF Latest Updates
Australian wage growth stagnated in the fourth quarter, expanding by 0.5% quarterly, matching the third-quarter growth rate.
Australian consumer confidence eased further in January, but skilled vacancies rose as the economy has to embark on a rebuilding process after the bush fires wreaked havoc across parts of the country.
With the US and China set to sign their phase-one trade truce today, the US announced that existing tariffs will remain in place until after the November election.
Iran fired over a dozen ballistic missiles at two military installations in Iraq that house US troops, in response to the killing of a top Iranian general in Iraq last week.
As equity markets extended their Santa Clause rally, the risk-on mood led to capital outflows from the safe-haven Swiss Franc.
Following yesterday’s Swiss National Bank interest rate decision, were interest rates remained unchanged at -0.75%, the Swiss Franc weakened against the Australian Dollar.
As expected, the Reserve Bank of Australia kept its benchmark interest rate unchanged at 0.75%.
A US bill in regards to the Hong Kong protests have angered China as the mood for a trade resolution between the world’s two biggest economies has soured
Australian consumer confidence rebounded and the wage price index showed solid growth which helped stabilize the AUD/CHF inside of its short-term support zone.
Australian economic data was mixed, Chinese data came in a touch softer and overall global data showed that the economy remains fragile at best.
As the US and China continue to negotiate the details of their trade truce, traders were reminded that not all is as great as it appears.
Optimism about a real US-China trade deal is fading quickly, especially after the US House of Representatives passed the “Hong Kong Human Rights And Democracy Act” which supports anti-government protesters.
After the RBA cut interest rates to 0.75% as was widely expected, the AUD/CHF dropped from its 61.8 Fibonacci Retracement Fan Resistance Level into its short-term support zone from where bearish momentum eroded quickly.
As global uncertainty roes from political issues to economies worries and trade fears, the Swiss Franc attracted safe haven demand as traders adjusted risk profiles.
The strong rally in the AUD/CHF, which originated from its intra-day low of 0.64933, is now exhausted and a sideways trend started inside of its resistance zone.
The Australian dollar has chop around against many of the world’s largest currencies, and the Swiss franc hasn’t been any different.
The Australian dollar measured against the Swiss franc is a major way to express your risk appetite of global assets.
The Australian dollar has bounced a bit against the Swiss franc and other currencies during the last 30 days.
The Australian dollar has sold off against the Swiss franc during the month of May, as we have broken an uptrend line.
Get the Forex forecast focusing on major currency pairs for the week of March 6, 2017 here.