CHF Falls to Lowest vs EUR since January 2015

Ahead of the U.S open, the Swiss franc has fallen to its lowest level against the euro in more than two years as relative calm over North Korea eases demand for perceived safe-haven currencies.

CHF fell as much as half a percent to €1.1552 in morning trade in London. This is its lowest level since Jan. 15, 2015, when the Swiss National Bank (SNB) dropped the franc’s “cap” against the euro.

CHF is threatening to weaken even further as long as the United States continues to favour a diplomatic solution in the standoff with North Korea.

The franc falls more versus the EUR than versus the U.S. dollar, with investors cautious before a U.S. Federal Reserve decision Wednesday.

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell