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Euro/Swiss Franc at Two-Month Lows as Italy Concerns Weigh


Wednesday, 23 May 2018 16:22 WIB

Dolar Yen EuroSwissFranc


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The Swiss franc and the Japanese yen rose against the dollar on Wednesday as a wave of caution swept currency markets a day after U.S. President Donald Trump tempered optimism over progress made in trade talks with China.

While the dollar against a basket of its rivals rose 0.2 percent to 93.76, it weakened 0.6 percent and 0.3 percent against the Japanese yen and Swiss franc respectively.

The euro was also pressured lower by concern over political risk in Italy. The single currency fell to a six-month low after German PMI data fell to a 20-month low indicating that economic momentum in Europe's biggest economy was faltering.

The euro/Swiss franc fell 0.3 percent to 1.1616 francs per euro, its lowest level since March 23.

Source : Reuters


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