Forex Flash: Swiss France under pressure – BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that the Swiss Franc has been put under a lot of pressure recently.

They explain, “Against the euro it is trading near the weaker end of its 4-month range. Yesterday's losses were extended following the soft CPI figures. December CPI fell 0.2% after a 0.3% decline in November. The consensus called for an unchanged reading. News yesterday that another domestic bank is considering charging for franc deposits was seen as a catalyst to get the ball rolling. Few currencies were able to keep pace with the euro yesterday and the franc was not one of them.”

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