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Aug 05 - 06:12 AM
EUR/CHF - Falls To 26-Month Low As Risk Aversion Rules
First appeared on eFXplus on Aug 05 - 04:25 AM
  • EUR/CHF down to 1.0877 on further demand for the safe-haven franc
  • 1.0877 is the lowest level since June 2017 (1.0833 was low that month)
  • CHF demand fuelled by risk aversion as US/China trade conflict worsens
  • See: nL8N25102Q. 1.0908 (Friday's low) is now a EUR/CHF resistance level
  • 1.0932 (Asia high) and 1.0963 (July's low) are obstacles beyond
  • EUR/CHF may gatecrash parity party if risk falls off cliff

EURCHF: Click here

Source:
Refinitiv IFR Research/Market Commentary

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