The Swiss franc edged higher against the euro on Monday, again approaching territory where the Swiss National Bank (SNB) might intervene to weaken the currency. Traders have been keeping a close eye on any sign of SNB intervention in foreign exchance markets to curb the Swiss currency, with any perception of central bank activity putting the currency under immediate pressure.
The franc was near flat compared against the euro compared with Friday's New York close, trading at 1.509 per euro and consolidating gains made late last week.
Comments
Comments are closed.