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23 Jun 2015
EUR/CHF lower and still below 1.0500 despite PMI and Greece
FXStreet (Córdoba) - The Euro was unable to rise against the Swiss Fran despite the best reading in years of the Eurozone Manufacturing PMI and also amid hopes regarding a deal between Greece and its creditors ahead of tomorrow’s Eurogroup meeting.
EUR/CHF peaked at 1.0473, below Monday’s highs and then turned to the downside, bottoming during the American session at 1.0424. It was trading at 1.0435/40, modestly lower for the day. The pair continues to move sideways hovering around 1.0450.
EUR and CHF sharply lower versus USD
European stocks ended higher on Tuesday on optimism about a Greek deal. The German Dax rose 0.72%, the CAC 40 gained 1.19% in France and the SMI ended 1.29% higher in Switzerland.
European currencies failed to benefit from risk appetite. The euro and the Swiss franc lost more than 1.50% against the US dollar. EUR/USD dropped below 1.1200 while USD/CHF jumped above 0.9300, approaching 0.9400.
EUR/CHF peaked at 1.0473, below Monday’s highs and then turned to the downside, bottoming during the American session at 1.0424. It was trading at 1.0435/40, modestly lower for the day. The pair continues to move sideways hovering around 1.0450.
EUR and CHF sharply lower versus USD
European stocks ended higher on Tuesday on optimism about a Greek deal. The German Dax rose 0.72%, the CAC 40 gained 1.19% in France and the SMI ended 1.29% higher in Switzerland.
European currencies failed to benefit from risk appetite. The euro and the Swiss franc lost more than 1.50% against the US dollar. EUR/USD dropped below 1.1200 while USD/CHF jumped above 0.9300, approaching 0.9400.