EUR/CHF Analysis

EUR/CHF Analysis

EUR / CHF climbs to monthly high of around 1.0840 -EUR / CHF is well above the 1.08 level. Wide risk appetite trends help recovery in euro. - German positive data supported optimist acceleration. Extra buying interest around a single currency raises the EUR / CHF to 1.0840, the highest in 7 weeks on Monday. EUR / CHF now targets YTD levels above 1,0900. The EUR / CHF quickly outstripped the 1.08 barrier and moved to monthly peaks in the 1.0835 / 40 band. According to the latest statements from Treasury Secretary S.Mnuchin, it was stated that the White House might give extra incentives very soon, and the market air continued to be alive at the beginning of the week following the market weather. Further support for the euro showed that the Business Environment of the German IFO research is at 90.5 percent this month's expectations. Additional data shows that ECB's Private Sector Loans increased by 3.0% on an annual basis in June and M3 Money Supply increased by 9.2% annually in the same period.