Ikon Forex – The forex rate of EUR/CHF slumped to the lowest point for 6 weeks early this week in the forex market, affected by the risk sentiments in the forex market and the cautious emotions of the forex brokers, it was expected the forex price would test the key support point at that level of 1.3300 in the forex market.
Since the US FED started the implement the bond purchase plan in the forex market targeted to spur the economic growth, another round of fluctuation occurred in the forex market. The forex rate of EUR/CHF fell sharply in recent trading days in the forex market. Credit Suisse said recently, the forex brokers’ emotions in the forex market were still very sensitive and the forex rate of EUR/CHF would be easily affected by the slump trend, and the key supporting point would be at 1.3275-1.3300.
As a hedging currency in the forex market, CHF became very popular in the forex brokers, and in the previous six months this year, the surging amount of the forex rate of EUR/CHF was over 10 percent in the forex market, and the forex price of EUR/CHF slumped to 1.3070 on July 1 – the new low record in the forex market.
The forex rate of ERU/CHF was at 1.3385/88 at 15:14 Beijing time.
Edited by Laura.