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Jul 27 - 07:55 AM

EUR/CHF - Rallies To Intra-Day High From 23-Week Low

By Rob Howard  —  Jul 27 - 06:05 AM
  • EUR/CHF hits 1.0821 EBS high after rallying off 1.0798 (early Europe low)

  • 1.0798 was 23-week EBS low as China equity losses buoyed safe-haven franc

  • China shares sink to eight-month low nL1N2P30EKnL1N2P30MO

  • Risk of SNB FX intervention (selling CHF) is a source of support for EUR/CHF

  • The SNB spent 110 billion francs to counter upward pressure on CHF in 2020

  • SNB's FX reserves rose for first time in three months in June nL2N2OJ0EP

EURCHF Click here

Source:
Refinitiv IFR Research/Market Commentary

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