Swiss franc among top performers on Thursday. Eurozone and US data add to concerns about the growth outlook. EUR/CHF approaches parity again, bearish pressure intact while under 1.0150. After moving sidesways for four days, EUR/CHF broke to the downside falling to as low as 1.0067, the lowest level since early March. The cross remains under … Read more
The Swiss National Bank (SNB) surprised the market with an unexpected 50 basis points (bps) rate hike. Subsequently, economists at Rabobank have lowered their one-month forecast for EUR/CHF to 1.02 from 1.03. SNB would likely desire to move away from negative rates completely “The news of a 50 bps move came as a big surprise … Read more
The Swiss National Bank (SNB) meets today to set monetary policy. A hike would send the EUR/CHF pair 1-2% lower, economists at ING report. SNB to guide EUR/CHF to the 0.98/1.00 area over the coming quarters “A hike today would certainly be a big surprise and send EUR/CHF 1-2% lower. But even if the SNB … Read more
Swiss franc rises across the board after the ECB meeting. Euro under pressure even as ECB announces it “intends to raise rates in July”. EUR/CHF off lows, still down by more than 50 pips. The EUR/CHF reversed sharply on Thursday, falling 150 pips from the daily high to a three-day low in a few minutes … Read more