Forex: EUR/CHF rallies ahead of US open

FXstreet.com (Barcelona) - Having dropped sharply to post a daily low at 1.2079 this morning, EUR/CHF has rallied throughout the European session to make a high at 1.2133.

Despite European and early US data being mixed to weak, the pair, alongside USD/CHF has been driven by CHF weakness following the SNB’s pledge to buy unlimited amounts of foreign exchange to stop the Franc strengthening further. With market focus firmly on this afternoons Interest Rate decision at 16:30 GMT and FOMC statement at 18:15 GMT, Forex Ticket analysts believe that price ill continue to range into the US open and that price will move between 1.213 and 1.2095.

Elsewhere, European Equities remain lower alongside US futures whilst commodities are mixed to higher

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