In recent days, the euro has managed to hold up well against several currencies. But in the opinion of economists Commerzbankthe euro’s recent move looks reasonably fragile. The ECB seems to be able to convince the market, for now “Recent hawkish comments by members of the European Central Bank (ECB) appear to have had an […]
Tag: EURCHF
EUR/CHF falls to record lows below 0.9700
The Swiss franc is gaining momentum in the last few hours. EUR/CHF in historical low zone. Inflation rate differential between Switzerland and the Eurozone favors the franc. EUR/CHF broke below 0.9700 and fell to 0.9668, marking a record low. The pair remains under pressure and with no signs of recovery at the moment. The EUR/CHF […]
EUR/CHF falls to 3-month lows amid recession fears
The Swiss franc is one of the most important values on Thursday. Data from the Eurozone and the US raise concerns about growth prospects. EUR/CHF is back close to parity with bearish pressure intact below 1.0150. After moving laterally for four days, the EUR/CHF it broke lower falling to 1.0067, the lowest level since early […]
EUR/CHF: A drop below 1.0096/86 could open the door to parity – Credit Suisse
The EUR/CHF keep going down Credit Suisse economists look for a break below 1.0096/86 to open a move towards parity. Potential “measured triangle target” seen at 0.9609/00 “We expect a further low to follow. Support initially holds at 1.0096/86, which we expect to break to support a further move lower to parity, ahead of our […]
EUR/CHF falls to two-month lows below 1.0200 after SNB’s aggressive turn
EUR/CHF is under intense selling pressure in reaction to the SNB’s surprise rate hike of 50 basis points. The strength of the dollar weighs on the common currency and put some pressure on the cross. Acceptance below the 1.0200 round level would be seen as a new trigger for the bears. The crossing EUR/CHF has […]
USD/CHF drops to 9-day lows, EUR/CHF loses 150 pips
Swiss franc jumps amid risk aversion and despite Jordan’s words. USD/CHF bearish correction gains speed. Next support is below 0.9880 at 0.9830 and 0.9800. The USD/CHF fell sharply during the American session from 0.9970 to 0.9860, reaching the lowest level since May 6. It remains close to the lows, pressured by risk aversion. The Swiss […]
USD/CHF continues to advance and approaches parity, Swiss franc weakens
Swiss franc weakened even despite risk aversion. Divergence between the Swiss National Bank with the rest hits the CHF. USD/CHF targets 1,000, with support at 0.9890. The USD/CHF continues with the consistent rally and rises for the 20th time on Tuesday, of the last 22 days. The pair reached as high as 0.9974, the highest […]
EUR/USD to fall past 2020 lows in the 1.06 zone if Eurozone slips into recession – Rabobank
The EUR/USD has regained its poise after the heavy losses suffered following the Russian invasion of Ukraine. While the shared currency remains vulnerable to bad news about the war and energy supply, economists at rabbank One-month forecasts for the EUR have been revised upwards across the board. However, they maintain that the value of the […]
EUR/CHF on track to peg level as markets take Euro to the brink due to Ukraine crisis
EUR/CHF is on its way to parity as the euro slides lower. The US NFP data was very strong, as expected, sending the US dollar to new highs. The EUR/CHF has made a new low at 1.0025 thanks to the stellar US Non-Farm Payrolls report which has propelled the dollar to a new high and […]
EUR/CHF at lows since January 2015, approaching 1.0000
Euro falls sharply in the market, EUR/USD below 1.1000. Crisis in Ukraine continues to generate fears in markets favoring the Swiss franc. EUR/CHF is close to parity for the first time since the month the SNB left the bottom. The EUR/CHF is falling sharply for the second day in a row and is trading 350 […]