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The euro taken down by traders as the possibility of a hard Brexit rose substantially this week.  And the franc was a net winner despite a positive week for global risk sentiment and dovish comments from the Swiss National bank, possibly a deviation from its usual correlation with the euro, benefiting from its weakness instead.

The Euro

Overlay of EUR Pairs: 1-Hour Forex Chart
Overlay of EUR Pairs: 1-Hour Forex Chart
EUR Weekly Performance from MarketMilk
EUR Weekly Performance from MarketMilk

European Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Thursday:

Friday:

The Swiss Franc

Overlay of CHF Pairs: 1-Hour Forex Chart
Overlay of CHF Pairs: 1-Hour Forex Chart
CHF Weekly Performance from MarketMilk
CHF Weekly Performance from MarketMilk

Switzerland Headlines and Economic data

Monday:

Tuesday:

  • As mentioned in the euro recap, the possibility of a hard Brexit returned to trader’s minds to push both the euro and Sterling lower, which was likely why we saw the Swiss franc rally around the same time frame.

Wednesday:

Thursday:

Friday: