EURCHF is currently trading at 1.2063, its lowest level since December 2012 and as we all know the Swiss Franc is currently pegged to the Euro. Following legislation by the Swiss National Bank (SNB) in 2011 this particular currency pair has been trading in a fairly tight range, they have expressed their desire not to allow CHF to strengthen too much against its more influential neighbour thus creating a unique situation of, in effect, placing a price floor of 1.20. In the past 18…
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