𝘈𝘜𝘋𝘊𝘏𝘍 - 4𝘩𝘳𝘴 ( 𝘚𝘦𝘭𝘭 𝘛𝘳𝘢𝘥𝘦 2.90% )

13 Nov 2023

📢If Australia's economy experiences a lower-than-expected growth rate, if or if economic challenges arise, investors may lose confidence in the Australian dollar, which could lead to a devaluation against the Swiss franc. This may be caused by falling commodity prices, rising unemployment or political uncertainties. Changes in the monetary policies of the respective central banks (e.g. Reserve Bank of Australia and Swiss National Bank) can affect exchange rates. A higher interest rate in Switzerland relative to Australia could attract capital inflows and strengthen the Swiss franc against the Australian dollar.