The Swiss franc pushed stronger against the American currency on Friday, soaring to its new highest level last seen in January 2015.
The depreciation of the greenback was seemingly triggered by a downward revision to the United States' gross domestic product for the third quarter which might lead the Federal Reserve to start cutting interest rates sooner than anticipated. In addition, softer-than-expected print on initial jobless claims seemed to bolster optimism that the overheated labor market was somewhat easing. Investors now have their focus locked on personal spending data in the United States, which will be released before the opening bell on Wall Street.
The Swiss franc rose 0.10% against the greenback, selling at 1.16955 at 10:40 am CET. The euro dipped 0.08% against the Swiss franc, with an exchange rate of 0.94149 minutes later.
