EUR/CHF and USD/CHF plumb to new lows – ING
Source Fxstreet
EUR/CHF is staying very soft and USD/CHF is continuing to plumb new lows, ING’s FX strategist Chris Turner notes.
SNB to intervenes in both USD/CHF and EUR/CHF
“We are not far away from the December 2023 low at 0.8333. We have no evidence for this, but we suspect that the Swiss National Bank (SNB) intervenes in both USD/CHF as well as EUR/CHF.”
“Watch out for any spikes in USD/CHF should it start to trade under 0.84.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Here is what you need to know on Friday, May 29:
Understand how the Strait of Hormuz shock moved markets, and what CFD traders watched next.
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
West Texas Intermediate (WTI) oil price extends its losses for the third successive day, trading around $87.20 per barrel during the Asian hours on Friday.
On May 27, Bloomberg reported that copper trading activity has intensified as market expectations of potential copper tariffs under a Trump administration heat up, prompting traders to sh
Related Instrument
