The Swiss franc traded near the lowest level this year against the euro after European Central Bank’s announcement of the asset-purchase program boosted the shared 17-nation European currency.
The euro remains very strong after yesterday’s announcement from the ECB and the franc did not manage to catch up the European currency. Previously, the Swiss currency was trading sideways near the cap of 1.20 francs per euro. The Swissie still managed to follow erase its losses versus the dollar .
EUR/CHF surged from 1.2046 to 1.2127 as of 12:18 GMT today, while its daily high of 1.2154 was the highest since January 9. At the same time, USD/CHF traded at 0.9543, following the earlier climb from 0.9537 to 0.9579.
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