Back

EUR/CHF steady as ECB suspense is prolonged

FXStreet (Córdoba) - EUR/CHF, as other euro crosses, continued to trade within its recent range as the ECB offered no details at the monetary policy statement, prolonging the suspense until Draghi’s press conference.

EUR/CHF fell to a marginal daily low of 0.9898 following the ECB decision to leave the main rate unchanged at 0.05%, but it remains oscillating around previous levels. At time of writing, the pair is trading at 0.9930, 0.40% below its opening price.

Attention now turns to ECB President, Mario Draghi, who will announce further measures at a press conference starting at 13:30 GMT.

Draghi has plenty of scope for surprises – BBH

The Research Team at Brown Brothers Harriman note that the recent speculation regarding the size of the ECB QE program has failed to provide any information on the duration and other key elements of the program, and hence Draghi has plenty of scope to surprise the markets in his speech later today.
Devamını oku Previous

Gold recovers losses in EUR terms

Gold prices recovered from the low of EUR 1100.15 levels as investors look towards ECB press conference for details regarding the widely anticipated bond buying program.
Devamını oku Next