The EUR/CHF has resumed the downside this Friday, losing 0.27% following the 75 basis points rate hike by the Swiss...
EURCHF
Get the latest EURCHF news today, the latest EURCHF price, plus a historical data chart.
The EURCHF pair shows investors how many Swiss francs (CHF) one can buy with one euro (EUR).
What is EURCHF?
EURCHF is not a major currency pair, but is a popular pair among traders, as it is a trending pair, with long moves and less volatility while the volume is high. EURCHF is highly correlated with the USDCHF.
The Swiss franc is considered by traders and investors as a safe haven asset as the Swiss economy offers financial stability. Switzerland’s economy is based on its banking industry and exports followed by tourism. While the eurozone is a broad-based economy.
European Central Bank (ECB) is responsible for the monetary policy of the eurozone, targeting the stability of the currency, and hold the annual inflation rate between 0% and 2%. Variations from the inflation target can lead to intervention by the ECB, which either strengthens or weakens the euro.
Swiss National Bank (SNB) is responsible for the monetary policy and currency stability in Switzerland. Swiss National Bank might intervene to maintain exchange rates within its target levels, in order to support the financial sectors and exports of Switzerland. The SNB interventions can either strengthen or weaken the Swiss franc accordingly. Swiss National Bank for years now, has seen the Swiss franc as too strong and has routinely intervened to soften it.
When there is uncertainty in markets, EURCHF pair will move downwards (less Swiss Francs needed to buy a euro) as traders will move to safe-haven assets. This trend changes when the risk sentiment becomes positive.
Check out our fx calendar on investincube.com for the significant events that could affect EURCHF price, and don’t miss the analysis section which can help you get the most out of your trading.
The USD/CHF price moved sideways on Thursday morning ahead of the upcoming Swiss National Bank (SNB) decision. It was trading...
The EUR/CHF has extended the bullish moves of 26 August and 29 August with a 0.69% push to the north...
Rabobank’s negative outlook for the EUR/USD pair also seems to have soured sentiment on other Euro pairs. The EUR/CHF is...
The EUR/CHF price has been consolidating at its lowest level since January 2015 as the euro sell-off continued. The pair...
The EUR/CHF price has been in a consolidation phase in the past few days as the market reflects on the...
The EUR/CHF price has recovered slightly as the market wait for the upcoming ECB interest rate decision. Other pairs like...
The EUR/CHF is trading 0.47% higher this Tuesday as it aims to recover from its recent steep drop following current...
The USD/CHF pair tilted lower on Thursday morning as investors reflected on the upcoming interest rate decision by the Swiss...
Credit Suisse’s analysts are maintaining a bullish outlook on the EUR/CHF, as they indicate that the pair is seen trading...