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The US dollar fell 1.51% against the Swiss franc to 0.7998 on August 19, though the weekly decline was modest at 0.24%. The move pushed the pair below the psychologically significant 0.80 level. The Swiss franc is traditionally considered a safe-haven currency, meaning it tends to strengthen when investors become more cautious about global economic or financial conditions.
Aug 19, 17:51 UTCAlternativeMarkets.AI Newsroom · Data: Financial Modeling Prep
Switzerland's procure.ch Manufacturing PMI came in at 53.2 in July, below both the consensus estimate of 55.0 and June's reading of 54.3. The index remains comfortably above 50, signaling continued expansion in Swiss factory activity, though the miss against forecasts points to some softening. Switzerland's manufacturing sector, which includes precision machinery and pharmaceuticals, is an important driver of the country's export-oriented economy.
Aug 03, 17:51 UTCAlternativeMarkets.AI Newsroom · Data: Financial Modeling Prep