Swiss Franc gets boost after investor survey reflects optimism
The Swiss Franc is rising midweek after the release of the Swiss ZEW Survey – Expectations for March, which showed investors were, on balance, positive in their responses, by a margin of 11.5, up from 10.2 in February.
The result marks the second positive month in a row after results fell and remained below zero in March 2022. The survey is thought to reflect investors’ optimism following the 0.25% reduction in interest rates by the Swiss National Bank (SNB) at its March meeting, according to Tradingeconomics.com
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