NEWS

The EUR CHF exchange rate continues its downward trend. Now it has reached again a low with 1.097. Just on Monday, the franc broke through the psychological limit of 1.10 and was the strongest in two years against the euro.

The euro has fallen below 1.098 this afternoon and has remained below the 1.1 limit since midday, which was already undercut yesterday afternoon. Si its a good moment to change euro in CHF. Today's development is mainly due to the election of Boris Johnson as chairman of the Tory Party and thus new Prime Minister of Great Britain.

Now it happened. The EUR CHF rate has cracked the 1.10 limit and fell at 15:00 to 1.0995 francs per euro. The Swiss franc thus continues its trend, which it took over a year ago when the euro exchange rate was still at 1.20. The last time the franc was so strong against the euro was 2 years ago.

At the moment, the EUR CHF exchange rate is at 1.1025 francs per euro.

The euro exchange rate stayed on similar level against the US dollar with just slightly upper price, as investors fear for dovish results from the European Central Bank’s meeting next week and took a more bearish approach on the common currency. There are expectations for better euro’s recovery soon among analysts.