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EUR/CHF Forecast Today - 28/05: Euro Gains On CHF (Chart)
(MENAFN- Daily Forex)
- The Euro has rallied significantly during the early hours on Monday against the Swiss franc, as we continue to see a lot of upward pressure. This makes a lot of sense, due to the fact that the European Union looks to be exiting a recession, despite the fact that the European Central bank is also looking to cut rates sometime in the next couple of months. However, on the other side of the equation we have seen the Swiss National Bank already cut rates, and therefore it makes quite a bit of sense.
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