The Euro (EUR) steadies against the Swiss Franc (CHF) on Friday as upbeat Eurozone business activity data underpins the single currency. At the time of writing, EUR/CHF trades around 0.9243, rebounding modestly after hitting an 11-month low near 0.9205 earlier this week.
EUR/CHF is trading at sub-0.93, which is quite rare. Some may argue that it should be trading higher given some slightly better news out of French politics, ING's FX analyst Chris Turner notes.
The Euro (EUR) remains under pressure against the Swiss Franc (CHF) on Tuesday, as ongoing political turmoil in France continues to weigh on sentiment toward the common currency.