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- Franc unleashed after comments by the government of Switzerland
Franc unleashed after comments by the government of Switzerland
Frank dramatically weakened on all fronts, falling against the euro and the dollar amid reports that Switzerland is considering the introduction of negative interest rates in order to weaken the currency.
A pair of EUR / CHF for a few minutes gained almost 130 pips, and updated the 2-week high at 1.2388, followed by minor adjustments. Now prices are held in the mark 1.2330, which is 0.5% above the opening price.
USD / CHF, meanwhile, rose sharply from 0.9100 marks and reached the day high at0.9189. At the moment, prices are held above 0.9150.
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