Some mild movement among major currencies to kick start the European morning

Author: Justin Low | Category: News

EUR/CHF continues to make fresh lows after the drop yesterday

EUR/CHF D1 15-01
A bit of an extension of the overall ranges as markets start to come alive in the European morning session. The pound has eased back lower with cable tracking back to 1.3008 after having seen a high of 1.3043 towards the end of Asia Pacific trade.

The euro, aussie and kiwi are also mildly weaker against the dollar but the trading ranges so far today still leave a lot to be desired - all ~20 pips.

That said, with some mixed tones seen in European stocks, the franc is continuing to stay firm with EUR/CHF tracking lower once again today. However, once again, the trading ranges so far remain relatively narrow so I wouldn't look too much into the moves.

It is still all about the anticipation ahead of the US-China trade deal signing and I wouldn't expect markets to get too worked up by any worries until after the fact - if there is reason for traders and investors to lean that way that is.

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