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The Euro

Overlay of EUR Pairs: 1-Hour Forex Chart
Overlay of EUR Pairs: 1-Hour Forex Chart

European Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Thursday:

The Swiss Franc

Overlay of CHF Pairs: 1-Hour Forex Chart
Overlay of CHF Pairs: 1-Hour Forex Chart

There were no major headlines or economic updates from Switzerland to influence the Swiss franc this week. The franc did manage to stay positive against most of the major through Thursday, suggesting it was more influenced by the negative geopolitical environment (Boris Johnson wins U.K. PM; no-deal Brexit odds rise) and broad weakness in global economic updates (Eurozone PMI shows manufacturing downturn deepens).

Thursday was a different story, though, as the Swiss franc was kicked lower with the euro after the ECB’s monetary policy statement, which likely prompted investors to bet the SNB will go more negative on interest rates after ECB.