Should we keep an eye on the strength of the Swiss franc?

Should we keep an eye on the strength of the Swiss franc?

28.05.2021

Yesterday, trading was subdued in both European and U.S. markets. The Nasdaq remained virtually unchanged from the previous day, closing at 13,736 points, down 0.01% from the previous session. The yield on the 10-year U.S. Treasury note rose again and currently stands at 1.615%, while crude oil climbed to the $67.20 range. Gold also held steady at $1,895.

The foreign exchange market is generally trending toward a weaker yen, with cross-yen pairs rising across the board. The GBP/JPY pair, which saw particularly sharp gains, rose by 200 pips yesterday alone. It is currently trading near the high of 155.96. USD/JPY is also rising, having touched 109.95.It is gaining momentum toward the 110.00 level. However, USD/CHF has completely given back its earlier gains, making this a situation where we should also pay attention to the strength of the Swiss franc.

Today, at 3:00 PM, Germany’s Import Price Index; at 3:45 PM, France’s Q1 GDP (revised), France’s Producer Price Index, and France’s Consumer Price Index (flash estimate);at 4:00 PM, the Swiss KOF Leading Index; at 9:30 PM, U.S. personal income and the U.S. core PCE deflator; at 10:45 PM, the U.S. Chicago PMI; and at 11:00 PM, the final reading of the U.S. University of Michigan Consumer Sentiment Index. We will be closely monitoring how the U.S. dollar, which has begun to rise again, and other currencies perform.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed