Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
7 November 2022 | Other

Weaker franc boosted Switzerland's exchange reserves

AUDCHF
EURCHF
USDCHF
GBPCHF
NZDCHF

The Swiss National Bank's exchange reserves rose in October, central bank data showed. The depreciation of the Swiss franc helped reverse a sharp fall in the country's exchange reserves in September.

Economic agents have been closely watching the data for signs that the central bank is selling its dollars and euros to curb inflation, thus supporting the Swiss franc's strength this year.

According to Credit Suisse economist Maxime Botteron, it is quite possible that the Swiss National Bank was selling some of its foreign currency to strengthen the Swiss franc. According to the economist, in September the Swiss National Bank sold 3.4 billion francs of foreign currencies.



Company MarketCheese

Recommended

Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
24 September
Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
22 September
United States. CB Employment Trends Index. The value of the indicator has decreased from 108.08 to 107.56
Yesterday at 2:00 PM
United States. All Car Sales. The value of the indicator has decreased from 2.74M to 2.52M
Yesterday at 12:48 PM
European Union. PPI (YoY). The value of the indicator has increased from 5.8% to 8.2%
Yesterday at 9:00 AM
Top news
United States. Nonfarm Payrolls. The value of the indicator has decreased from 133K to 29K
2 October
United States. Unemployment Rate. The value of the indicator has increased from 4.1% to 4.2%
2 October
European Union. CPI (MoM). The value of the indicator has increased from 0.4% to 0.6%
2 October
United States. ISM Manufacturing PMI. The value of the indicator has decreased from 54.6 to 54.5
1 October
European Union. Unemployment Rate. The value of the indicator remained at the same level of 6.4%
1 October
All news

Forecasts

S&P 500 buy
Period: 05.11.2026 Expectation: 105 pips
Invest in SPX with $7,815 target
Indicators and reports FA Other Chart analysis Hot news
Yesterday at 10:42 AM 18
Sinclair_John
EURUSD sell
Period: 05.11.2026 Expectation: 2500 pips
Selling EURUSD amid debt market struggles in eurozone
Indicators and reports FA Other Chart analysis Hot news
Yesterday at 08:52 AM 25
Reed_Marcus
GBPUSD sell
Period: 02.11.2026 Expectation: 5150 pips
GBPUSD sell-off targets 1.27000
Indicators and reports FA Other Hot news Indicators
02 October 2026 67
Sinclair_John
AUDUSD buy
Period: 31.12.2026 Expectation: 1610 pips
Go long on AUDUSD with 0.7200 in sight
TA Other FA Other
02 October 2026 58
Bruce_Powers
Brent buy
Period: 16.10.2026 Expectation: 500 pips
Invest in Brent crude with $106 in view
Indicators and reports FA Other Chart analysis Hot news
02 October 2026 86
Reed_Marcus
AUDCAD buy
Period: 30.11.2026 Expectation: 1000 pips
Buy AUDCAD from channel's lower boundary
TA Other FA Other
01 October 2026 63
Bruce_Powers
Go to forecasts