Swiss Franc Day Trading Update
Swiss Franc remains in step with the euro despite Greek uncertainty.
Sterling did not go far from last Monday’s SFr1.66 starting point. Twice it had a look at SFr1.65 and twice it threatened a test of SFr1.64. It opened in London this morning at SFr1.6550, barely changed on the elongated week.
With no Swiss economic data to provide useful guidance for the franc the market had little option but to consider it in the same light as the euro, as is so often the case.
Although there was a considerable degree of uncertainty about the euro, droving some investors’ money into the arms of the US dollar, they chose not to look at the franc as a safe haven and it remained in close touch with its big sister.
Article by www.moneycorp.com, Foreign Exchange since 1979.
[...] Swiss Franc Day Trading Update | Day Trading [...]
[...] Swiss Franc Day Trading Update | Day Trading [...]
[...] Swiss Franc Day Trading Update | Day Trading [...]