The Swiss franc appreciated on Thursday to reach $0.968, after the latest US jobs report showed claims in the US surged by over 16 million in the last three weeks as a result of the coronavirus outbreak. Meantime, the Federal Reserve injected USD 2.3 trillion into the economy to combat the pandemic crisis. Investors await Eurogroup and OPEC+ meetings later in the day and continue to react to new coronavirus reports with new cases holding steady while global infections surpassed 1.5 million.
Historically, the Swiss Franc reached an all time high of 4.32 in January of 1971. Swiss Franc - data, forecasts, historical chart - was last updated on April of 2020.
The Swiss Franc is expected to trade at 0.98 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.99 in 12 months time.