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9 Feb 2015
EUR/CHF hovers below 1.0500
FXStreet (Córdoba) - EUR/CHF has been under selling pressure on Monday and bottomed out at the lowe 1.04’s as speculations of a Grexit weighed on the shared currency.
EUR/CHF fell to a low of 1.0411 but the euro managed to erase losses within the last hours and climbed back to the 1.0465 zone, where it is currently trading, virtually unchanged on the day.
While the SNB is said to be intervening to weaken the franc aiming an unofficial range of 1.05-1.10, concerns about a Grexit are difficulting the bank's task, after Greek Prime Minister Tsipras defiant comments, rejecting further austerity measures.
EUR/CHF fell to a low of 1.0411 but the euro managed to erase losses within the last hours and climbed back to the 1.0465 zone, where it is currently trading, virtually unchanged on the day.
While the SNB is said to be intervening to weaken the franc aiming an unofficial range of 1.05-1.10, concerns about a Grexit are difficulting the bank's task, after Greek Prime Minister Tsipras defiant comments, rejecting further austerity measures.