Swissy Lowest since That Day – Video Analysis

Swissy Lowest since That Day – The Swiss franc tumbled for a fourth straight session, driving EURCHF to a 1.1363 high, a level not seen since the SNB abandoned its former 1.2000 floor in January 2015.  The price action affirms the sentiment sea-change that’s been afoot this week, underpinned by a combo of a more confident euro outlook coupled with a -0.75% deposit rate in Switzerland. Elsewhere, JPY is supported by the encouraging Japanese data , though CPI remained low, with the BoJ-monitored core figure coming in at just 0.4% y/y, unchanged from May and meeting the median forecast.

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Stuart Cowell

Senior Market Analyst


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