FX:Swiss Franc Is Lower Against The Euro And Dollar
The Swiss National Bank is scheduled to meet today at 9:00 Central European Time.
The dollar and the euro is higher against the Swiss Franc on rumors and concerns that the SNB might peg the euro in a managed trading ban, with a limit high Cap and a limit low Floor, in an effort to stem the overvalued Swiss Franch.
Dollar Swiss rose 60 points and broke 0.8000 just before the early European opening, while Euro Swiss rose 105 points to touch 1.1550 on the combined risk-appetite movement of the Euro.
The 21-day exponential moving average rose from 1.1420 to 1.1480 on Euro-Swiss.
The 21-day exponential moving average for Dollar Swiss rose from 0.7940 to 0.7980.
