CHF Gains on Coronavirus Scare; SNB Probably Intervened24 February 2020
Coronavirus outbreak is spreading outside China, as many cases have been reported in Italy, South Korea. Safe haven assets gains, including CHF. Meanwhile it looks the SNB has intervened on currencies market.
Swiss Industry Preparing for Coronavirus Impact. EUR CHF falls10 February 2020
Industry and tourism sectors in Switzerland are bracing themselves for a possible economic impact of the coronavirus epidemic spreading from China, which is one of the biggest trading partners for the country. Meanwhile, the euro exchange rate continues to fall and is currently reaching a value of EUR CHF 1,067 which is close to the recently reached 3-year low.
EUR CHF Exchange Rate Down for Second Day in a Row04 February 2020
Euro Franc exchange rate has fell down for a second day in a row as safe-haven assets are not popular among investors who choose riskier attitude.