EUR/CHF Hits Seven-Month High as Swiss Franc Remains Under Pressure
The euro extended gains against the Swiss franc, reaching its strongest level in nearly seven months, as low Swiss interest rates continue to weigh on the currency.
EURCHF
EUR/CHF advanced further this week, reaching its strongest level in nearly seven months. The move followed an acceleration higher on Tuesday and Wednesday, extending the pair’s broader uptrend.
The Swiss franc remains under pressure as the Swiss National Bank’s deeply negative interest rate policy makes the currency less attractive. In contrast, the European Central Bank has begun tightening, widening the rate differential and supporting the euro.
While short-term momentum is positive, traders will watch key resistance levels for signs of exhaustion.
Source: FXStreet Forex News