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Dec 17 - 05:55 AM

EUR/CHF - Holds Above 1.08 After SNB Keeps Policy Expansive

By Rob Howard  —  Dec 17 - 04:15 AM
  • EUR/CHF rose to 1.0820 EBS high shortly before SNB MPA at 08300GMT

  • SNB maintains expansive monetary policy to combat strong franc nL8N2IX1QI

  • 1.0820 is the highest level since Dec 4 (1.0848 was EBS high that day)

  • On Wednesday, Trump administration called Switzerland a currency manipulator

  • See: nL1N2IW0YUnL8N2IW41F. SNB sold 90 bln francs in H1 nL1N2GR08S

  • Franc climbed to 71-month high against USD on Wednesday nL1N2IW1LH

EURCHF Click here

Source:
Refinitiv IFR Research/Market Commentary

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