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Apr 11 - 11:55 AM

USD/CHF - Falls To Lowest Level Since Jan 2015 'Frankenshock'

By Robert Howard  —  Apr 11 - 09:52 AM

• USD/CHF falls to 0.8100 EBS low as investors lose confidence in U.S. assets

• 0.8100 is lowest level since Jan 2015 (when SNB ditched EUR/CHF 1.20 floor)

• Safe-haven franc is one of the prime beneficiaries of USD confidence crisis

• EUR/CHF hit five-month 0.9223 EBS low in Asia; 15 pips above Nov 2024 low

• Nov 2024 low for EUR/CHF is lowest level since Jan 2015 'Frankenshock'

• Does the SNB dare intervene in FX market to weaken the franc?

USDCHF


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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