EURCHF - Euro Continues to See Downward Pressure Against Swiss Franc -
Enter your emailWe would probably need to get above the parity level for the Euro to be something that I might go long on against the Swiss franc.has fallen during the trading session on Thursday as the European Central Bank raised interest rates by 75 basis points.This is especially true considering that the press conference did little to clarify the situation other than Christine Lagarde stating that the ECB will be “data dependent” on how many more interest rate hikes there going to be.
That being said, it leaves open the possibility that the ECB will not be raising rates aggressively, as the economic outlook for this winter is going to be horrible for the European Union. Anytime you have a large economy that is somewhat limited in its energy production, you are going to have a lot of problems. The EU also has seen a bit of fracturing as of late, as the French refused to let a pipeline go through their country, while the Spanish tend to get natural gas from North Africa.
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