The Swiss franc rose against the euro today as the concerns for about the European debt crisis increased the demand for the currency as the safe haven, but dropped versus the US dollar as the yesterday’s reports signaled about the stronger economic growth in the US.
The concerns about the state of the Eurozone economy remain in place and strengthened on the prospect of the downgrade of Spain’s credit rating. The dollar was weakened by the expectations of the increase of the Federal Reserve’s bonds purchasing program, but the Fed didn’t gave indication of the increase of the debt purchasing in its statement.
USD/CHF rose from 0.9595 to 0.9628 today as of 10:51 GMT. EUR/CHF traded at 1.2793 after opening at 1.2835 and falling to the intraday low of 1.2758.
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