XE Market Analysis: Europe – Jul 28, 2017

The Swiss franc tumbled for a four straight session, driving EUR-CHF to a 1.1363 high, a level not seen since the SNB abandoned its former 1.2000 floor in January 2015. USD-CHF, meanwhile, rallied to a one-month peak, at 0.9721. The price action affirms the sentiment sea-change that’s been afoot this week, underpinned by a combo of a more confident euro outlook coupled with a -0.75% deposit rate in Switzerland. We have been recommending following the emergent trend on this one, and continue to do so.

Source: XE news feed
XE Market Analysis: Europe – Jul 28, 2017