CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The base currency – CHF. The counter currency – NOK. The CHF to NOK pair shows how the Swiss franc is related to the Norwegian krone. Also referred to as the ‘Swissie’, the Swiss franc is the national currency in two countries – Switzerland and Liechtenstein. The Swiss franc is subdivided into 100 centimes and is abbreviated ‘Fr.’ Switzerland is not a member of the EU and is considered a safe haven economy. The country’s monetary policy is managed by the Swiss National Bank. The Norwegian krone, NOK, is the national currency of Norway, which boasts a high standard of living and a stable economy with considerable state ownership. NOK is currently a free-floating currency, issued by Norges Bank. Learn how NOK relates to the Swiss franc at Capital.com.
Explore the ongoing AUD/USD downtrend ahead of Australia's GDP data release. Understand economic drivers, RBA policy, and technical signals impacting the Australian Dollar.
Higher-than-expected monthly CPI data watered down expectations for RBA interest rate cuts in 2024; the markets will now shift attention to quarterly GDP data on Wednesday, June 5.
09:55, 5 September 2024
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