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EUR/CHF moves closer to 1.2000

FXStreet (Córdoba) - EUR/CHF printed a fresh two-year low at 1.20169, marginally below yesterday’s low as it continues to move slowly toward 1.2000. So far the pair moved in a range of less than 10 pips since the beginning for the day.

The pair remains near daily lows, gaining traders attention as it remains near the floor established by the Swiss National Bank. The president of the central bank remarked during the week that the cap on the Swiss franc is the most important instrument for price stability.

As EUR/CHF approaches to 1.2000 speculation increases about when the SNB would intervene in the forex market to weaken the Swissy, that again on Thursday is the best performer among European currencies.

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