EUR/CHF — News Archive

The euro was mostly flat today as markets turned their attention away from politics towards the next week’s European Central Bank policy meeting and economic data that may influence the ECB decision.

The euro fell against its most-traded rivals today, reversing gains versus the Great Britain pound that were registered earlier during the current trading session. The exception was the Swiss franc, against which against the euro rallied for the fifth straight day, though the gains were small and may yet turn to losses by the end of Thursday’s trading (update: EUR/CHF trades at the opening level currently).

Political crisis in Spain led to worries among investors and drove prices for European assets down. Yet the euro was showing muted reaction to the news so far.

The Swiss franc gained on its rivals, though not on the euro, thanks to data that revealed a favorable outlook for the Swiss economy.

The Swiss franc was stable today against some majors and continued to fall versus the very strong Great Britain pound. North Korea launched yet another missile, but that had little impact on markets, showing that market participants feel no need for safety. With that said, currently the franc is starting to move higher.

The Swiss franc fell against the US dollar today due to positive macroeconomic data from the United States and the improving market sentiment. Switzerland’s own economic indicators were not helping the currency either.

Forex traders were seeking safe options during the current trading session after North Korea fired a ballistic missile over Japan. Safe currencies like the Swiss franc and the Japanese yen profited as a result.

The Swiss franc’s performance was not impressive today despite the widening trade balance surplus. The Swissie fell against the US dollar and was little changed against most other rivals.

The Swiss franc dropped today as the market sentiment was not favorable to currencies considered to be a safe haven.

The Swiss franc started the current trading session rising but reversed its movement about the same time as the disappointing Producer and Import Price Index was released. The traders’ risk-positive mentality did not help the currency either.