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Both the euro and Swiss franc were net winners on the week, benefiting from the continued coronavirus-induced risk aversion environment, and likely on arguably net positive economic updates from Europe (including better-than-expected European manufacturing PMI’s, Swiss GDP) and commentary from ECB members that stimulative action isn’t warranted…just yet.

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

Swiss Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Thursday:

Friday: