EUR/CHF Likely to Fall Further - Swissquote

EUR/CHF is likely to fall further, and the sharp drop in the cross following the SNB's rate announcement had been anticipated, Swissquote says. The cross is expected to base around 1.2080 before heading lower to 1.2060, Swissquote economist Peter Rosenstreich notes. The franc rose on the SNB's announcement due to disappointment that the central bank didn't raise the EUR/CHF floor to 1.30, as some currency traders had speculated it might do. The pair now trades around 1.2088, down from 1.2119 before the SNB's announcement.

EUR/CHF Likely to Fall Further - Swissquote

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