TRENDING:

CHF: Sub-0.93 is rare for EUR/CHF – ING

EUR/CHF is trading at sub-0.93, which is quite rare. Some may argue that it should be trading higher given some slightly better news out of French politics, ING's FX analyst Chris Turner notes.

EUR/CHF to hang around this 0.92/93 area for now

"However, it is probably the eurozone macro story which is playing out here. Hard eurozone data has been coming in on the soft side in recent months. This has seen a re-pricing of short-dated EUR swap rates, off around 10bp since their late September highs."

"Swiss rates are priced with a 'zero bound constraint' in mind. Even though the Swiss National Bank does not rule it out, it clearly does not want to take rates negative again. This is firming up the view that the SNB's hands are tied and leaves EUR/CHF offered."

"We expect EUR/CHF to hang around this 0.92/93 area until there is some positive reappraisal of eurozone growth prospects, which may not happen until next year."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD trades close to recent tops around 1.1580

EUR/USD is holding its ground and edging closer to the key 1.1600 level as the week wraps up. The pair’s rebound has gathered momentum thanks to continued weakness in the US Dollar, which came under extra pressure after the preliminary U-Mich Consumer Sentiment reading fell short of expectations for November.

GBP/USD flirts with multi-day highs near 1.3160

GBP/USD has turned higher, climbing to fresh weekly highs above 1.3160 on Friday. Cable’s strong rebound comes as the US Dollar loses further momentum following a disappointing round of US data releases.

Gold looks bid around the $4,000 region

Gold is holding onto its daily gains near the key $4,000 mark per troy ounce at the end of the week. The yellow metal’s recovery has been supported by a softer Greenback and a widespread pullback in US Treasury yields.

Dogecoin rebounds as Bitwise ETF could launch in 20 days

Dogecoin trades above $0.1600 on Friday, stabilizing after a rough start to the week. Eric Balchunas, a Bloomberg ETF analyst, shared that the Bitwise Dogecoin spot Exchange Traded Fund could launch 20 days after the 8(a) form filed on Thursday.

Week ahead – With the treats potentially over, is risk sentiment about to be tricked?

Risk appetite has not fully enjoyed the treats of a Fed rate cut, strong earnings and trade peace. Fedspeak, the US Supreme Court and US data could challenge the Dollar’s current strength. Aussie and Pound are on divergent paths as respective central banks meet next week.

Dogecoin Price Forecast: DOGE rebounds as Bitwise ETF could launch in 20 days

Dogecoin (DOGE) trades above $0.1600 at the time of writing on Friday, stabilizing after a rough start to the week. Eric Balchunas, a Bloomberg ETF analyst, shared that the Bitwise Dogecoin spot Exchange Traded Fund (ETF) could launch 20 days after the 8(a) form filed on Thursday.