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EUR/CHF consolidates over 1.2300

FXstreet.com (Athens) – The EUR/CHF is heading smoothly downwards on European trading session, but well above 1.2300 area.

Encouraging data in Euro zone across the board all over the globe; EUR/CHF above 1.2300

The EUR/CHF is moving downwards on Friday’s trading session, after two consecutive daily sessions of gains. Euro zone data confirms that the region is in a tentative recovery and that inflationary pressures generally remain muted. Eurostat reported that the number of jobless in the 17-country region fell for a second straight month in July, as well as that the European Commission’s economic sentiment indicator (ESI) for the 17-country …read more