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EUR/CHF Bearish Momentum: 0.92% Down In The Last 10 Sessions

ViaNews Editorial Team

October 10, 2024

EUR/CHF Bearish Momentum: 0.92% Down In The Last 10 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 0.92% for the last 10 sessions. At 11:06 EST on Thursday, 10 October, EUR/CHF (EURCHF) is $0.94.

EUR/CHF's yearly highs and lows, it's 3.765% up from its 52-week low and 5.639% down from its 52-week high.

Volatility

EUR/CHF's last week, last month's, and last quarter's current intraday variation average was 0.11%, 0.03%, and 0.31%, respectively.

EUR/CHF's highest amplitude of average volatility was 0.23% (last week), 0.31% (last month), and 0.31% (last quarter), respectively.

News about

  • Eur/usd drifts higher above 1.0950 ahead of German industrial production. According to FXStreet on Tuesday, 8 October, "The EUR/USD pair extends its recovery to around 1.0985 on Tuesday during the early European trading hours. ", "However, the upside for EUR/USD might be limited as traders expect a smaller interest rate cut from the US Federal Reserve (Fed) in November. "
  • According to FXStreet on Tuesday, 8 October, "A hawkish re-tuning on her side can send EUR/USD back above 1.10, but we are not sure markets will be giving up on an October cut very easily and the wide USD:EUR rate gap still points to some pressure on EUR/USD in the near term."
  • According to FXStreet on Wednesday, 9 October, "We are disappointed that the EUR/USD rally stalled at 1.12 this Autumn and instead, 1.08 seems far more probable than a retest of 1.12. ", "There is very little on the eurozone calendar today and while EUR/USD may press 1.10on the back of this morning's news out of China -the Ministry of Finance will brief on fiscal policy this Saturday -we suspect sellers to emerge there."
  • Eur/usd hangs near two-month low, seems vulnerable below mid-1.0900s ahead of US CPI. According to FXStreet on Thursday, 10 October, "This keeps the yield on the benchmark 10-year US government bond elevated above the 4% threshold, which should underpin the buck and act as a headwind for the EUR/USD pair.", "The EUR/USD pair oscillates in a narrow band below mid-1.0900s during the Asian session on Thursday and consolidates the recent heavy losses to a nearly two-month low touched the previous day."

More news about EUR/CHF (EURCHF).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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