TRD: Swiss Franc continues to break all time highs vs Euro and USD
The Swiss Franc today has continued to break its all time highs against the USD and Euro, as its safe haven status and lower US bond yields boosted the USDCHF and EURCHF pairs to all time lows of 1.2399 and 0.9373 respectively.
The recent concerns in the Euro zone has led investors, that previously sought the Euro as an alternative for the Dollar, seek an alternative currency – the Swiss Franc – as a hedging currency in response to the Euro zone’s current risk.
Thin trade has also attributed to the recent rise of the Swissy as we approach the year-end and many investors have remained sidelined until the New Year begins. As less investors are currently in the market, due to the holiday season, we see greater volatility within the pairs that are currently traded – a direct result of a reduction in the market’s liquidity.
