EUR/CHF High
February 14th, 2007 by Ian
The Euro continues to climb against the Swiss Franc to new highs since the Euro induction. Will this stop? I like to go with the cliche saying “the trend is your friend” on this one. The Eurozone fundamentally is strong where the Switzerland economy isn’t reflecting the rest of the Eurozone growth.
The CHF is also the other funding currency with rates only at 2% which makes it great for carry traders and this the EUR/CHF spread doesn’t appear to changing at any degree of speed for this pair not to keep setting new highs.
