Forex News June 24, 2022

 

EUR/CHF

  • EUR/CHF maintains its gradual decline to parity.
  • EUR/CHF fell 0.3 percent on the day to 1.0085.
  • While the yen stole the show in trading yesterday, the franc has been doing its job steadily since the SNB policy pivot two weeks ago.
  • As previously stated, the change has definitely shaken up the landscape of the major currency bloc and places the franc among the frontrunners given the timing of the surprise and how shaky markets currently appear.
  • The Swiss franc is the best performer today, with USD/CHF falling 0.5 percent to 0.9565, while EUR/CHF is currently testing daily support from the April lows at 1.0088-89.

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