EUR/CHF heading higher after Jackson’s Hole

FXstreet.com (Athens) – The EUR/CHF is moving upwards for a fourth consecutive day, on ECB’s Weidmann.

While Monday, is a slow day for scheduled economic releases around the world, still the pair is moving upwards ahead of German elections. Berry Gareth, UBS analyst observes that ‘Swiss franc positional erosion continues’ as ‘Yet another week of net EURCHF buying, a pattern we’ve seen in 12 of the past 13 weeks now. That’s the polar opposite of
what we witnessed last year when an inconclusive Greek election result triggered 16 straight weeks of net EURCHF selling’. It sounds like the sentiment ahead of …read more