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May 30 - 11:55 AM

EUR/CHF - Plumbs One-Week Low As Wall Street Opens Lower

By Robert Howard  —  May 30 - 09:53 AM

• EUR/CHF falls to 0.9324 EBS low as lower U.S. stocks buoy safe-haven franc

• 0.9324 is lowest level since May 23 (0.9295 was one-month low that day)

• Wall Street's lower open follows Truth Social post from Trump on China

• Trump says China has "totally violated" agreement with U.S. on tariffs

• EU officials say EU has gained leverage in trade talks with U.S.

• ECB rate decision next week (June 5); 25 bps cut to 2.0% expected

EURCHF


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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