21 Jan 2015
EUR/CHF drops back below parity
FXStreet (Córdoba) - Following a recovery phase, EUR/CHF resumed the slide and dropped briefly below parity on Wednesday.
EUR/CHF fell to a 2-day low of 0.9989 during the European session, but managed to quickly bounce following the release of below-expectations Swiss Zew survey figures. At time of writing, the pair is trading at 1.0005, still 0.99% below its opening price.
Meanwhile, markets' attention remain on the European Central Bank meeting tomorrow, where the ECB is expected to announce a QE program of at least €500 billion.
EUR/CHF continues searching for direction following last week's game-changer SNB decision of removing the franc cap, which sent the pair from the 1.2000 area to an all-time low of 0.8500.
EUR/CHF fell to a 2-day low of 0.9989 during the European session, but managed to quickly bounce following the release of below-expectations Swiss Zew survey figures. At time of writing, the pair is trading at 1.0005, still 0.99% below its opening price.
Meanwhile, markets' attention remain on the European Central Bank meeting tomorrow, where the ECB is expected to announce a QE program of at least €500 billion.
EUR/CHF continues searching for direction following last week's game-changer SNB decision of removing the franc cap, which sent the pair from the 1.2000 area to an all-time low of 0.8500.