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13 Mar 2015
EUR/CHF retreats further, drops to 1-month lows
FXStreet (Córdoba) - A decline of the euro across the board pushed the EUR/CHF pair to the lowest level in a month. Recently bottomed at 1.0512, after losing more than a hundred ips during the American session. While EUR/USD printed fresh 12-year lows below 1.0500, USD/CHF remained relatively steady trading around 1.0070.
EUR/CHF correcting after February’s rally
The pair continues to retreated from 1.0813 (February high) and is having the worst weekly performance since the week of January 15. After the dramatic decline from 1.20, the euro started to recover ground but the 1.0800 area capped the upside.
Next week, the Swiss National Bank will have the monetary policy meeting. Some analysts speculate that the central bank could announced a rate cut.
EUR/CHF correcting after February’s rally
The pair continues to retreated from 1.0813 (February high) and is having the worst weekly performance since the week of January 15. After the dramatic decline from 1.20, the euro started to recover ground but the 1.0800 area capped the upside.
Next week, the Swiss National Bank will have the monetary policy meeting. Some analysts speculate that the central bank could announced a rate cut.