CM: Swiss Franc weakens as economic outlook improves
FXstreet.com (Barcelona) - The Swiss Franc has been underperforming during the last six days, reaching multi-week lows against its main rivals, on lower demand for safe assets as the economic outlook for the Euro area improves and fears about peripheral countries debt fade.
USD/CHF retreat from 0.9780 low on mid January, found in January, bottomed at 0.9330 in February 2, and the pair has been appreciating since, to reach 0.9665 so far today.
EUR/CHF retreat from 1.3070 highs on Jan 21, bottomed on Jan 31 at 1.2800, and the pair has bounced up in February, breaking above January's high, extending recovery from December 31 low at 1.2800, to fresh 2-month highs at 1.3175.
GBP/CHF retreat from 1.5425 highs on mid-January have been contained at 1.4855, and the pair bounced higher in February, reaching 8-week highs at 1.5530.
