Question: Based on this news highlight below, what was the primary cause of the - strengthening in the value of the Swiss franc? The CHF strengthened

Based on this news highlight below, what was the primary cause of the-strengthening in the value of the Swiss franc?
The CHF strengthened because of higher inflation expectations
OThe CHF strengthened because of lower inflation-expectations
OThe CHE strengthened because of higher interest rate expectations
Swiss Franc Hits 2-Week High Versus Dollar on Hawkish SNB Talk
By Naomi Tajitsu
(Bloomberg)-- The Swiss franc extended gains, hitting a two-week high versus the dollar after hawkish comments from Switzerland's central bank stoked expectations for more interest rate hikes.
USD/CHF fell 1.1% to 0.8998, its weakest since May 23
EUR/CHF down 0.4% at 0.9695
Inflation remains high in Switzerland and interest rate increases are necessary to keep it under control, Swiss National Bank President Thomas Jordan says at a conference in the country
Based on this news highlight below, what was the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!