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Swiss franc claws up to 90 line on US GDP Posted 5 hours agoSharePrint The Swiss franc is up for a second straight day. In North American trade, USD/CHF is trading at 0.9000, up 0.24% on the day. Swiss franc rebounds on strong economic sentiment data The Swiss franc has made strong inroads in recent weeks against a US dollar which continues to struggle. The dollar posted sharp gains in the first quarter, but has reversed directions. Since April 1, USD/CHF is down 4.8% and has surrendered most of the gains accrued in Q1. The Swiss central bank (SNB) does not want to see the Swiss franc continue to appreciate, since a higher-valued Swiss franc makes Swiss exports more expensive. The SNB also prefers to see limited movement from the Swissie, so that price movement remains muted.  The SNB has been actively purchasing US dollars in order to prevent the exchange rate from continuing to rise. However, with the US dollar showing prolonged weakness and the Federal Reserve insisting tha

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