Filipino Pesos

Downbeat economic data and the possibility of further easing weighed on the euro and franc in the previous week. This time, we’ll hear from the ECB themselves.

Despite scary economic numbers from the Euro area, the euro and swiss franc come out positive as geopolitical and economic fears push traders into safe havens & low-yielders this week.

Euro bulls held their ground despite disappointing economic data from Europe. The Swiss franc was trading with the euro until the big positive shift in risk sentiment sent CHF into loser status into the weekend.

No major catalysts from the Euro area meant that traders in both the euro and franc deferred to counter currency flows and risk sentiment in a relatively quiet week.