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Mohammed Abdullah

EURCHF

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Hi Mohammed. This depends on the SNB's stance here. We have seen an extremely weak and weakening Euro in the past few weeks due to a few different fundamentals at play.

However, the Swiss National Bank normally likes to keep their currency week in order to help their exports. But they have looked at as currency manipulators from the US government and have had to fall back from weakening their currency which has seen the CHF gain strength as well. They won't want to CHF to become to strong however as it could seriously hurt their economy. So whether they try to weaken their currency by buying others at this level against it will depend entirely on what they do next. My guess would be that they defend this level, but it is really only a guess.

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