Today
-0.00%
1 Week
+0.78%
1 Month
-1.08%
6 Months
-3.63%
Year to Date
+2.17%
1 Year
-1.21%
Opening Price
0.94514Previous Closing Price
0.9461Long positions above 0.9420 with targets at 0.9470 & 0.9480 in extension.
below 0.9420 look for further downside with 0.9405 & 0.9380 as targets.
long positions above 0.9420 with targets at 0.9470 & 0.9480 in extension.
EUR/CHF reached a temporary bottom on September 11 and recovered.
It is still much too early for an SNB outlook as the Swiss monetary authorities will not decide on the interest rate level until September 26, Commerzbank’s Head of FX and Commodity Research Ulrich Leuchtmann notes.
EUR/CHF has recently risen above 0.9350 and 0.94, Société Generale FX analysts note.
EUR/CHF is staying very soft and USD/CHF is continuing to plumb new lows, ING’s FX strategist Chris Turner notes.
The market turbulence of a few weeks ago led to a strong demand for safety, which naturally benefited the Swiss franc (CHF).
CHF is the second most over-valued major currency after the USD, DBS FX strategist Chang Wei Liang notes.