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 thestrengthening in the value of the Swiss franc?
The CHF strengthened because of higher inflation expectations
OThe CHF strengthened because of lower inflationexpectations
OThe CHE strengthened because of higher interest rate expectations
Swiss Franc Hits Week High Versus Dollar on Hawkish SNB Talk
By Naomi Tajitsu
Bloomberg The Swiss franc extended gains, hitting a twoweek high versus the dollar after hawkish comments from Switzerland's central bank stoked expectations for more interest rate hikes.
USDCHF fell to its weakest since May
EURCHF down at
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
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