EURCHF pair hits parity

The Swiss Franc has appreciated considerably since the surprise move by the central bank last week and the overall shift towards the dollar put pressure on the euro currency pairs.

The Swiss currency has been appreciating since the SNB unexpectedly raised interest rates by 50bp earlier this month and announced its readiness for further hikes to curb inflation if necessary.

The pair will have a chance to move during the panel discussion with heads of Fed, ECB and BoE at 2:00 pm BST.

EURCHF pair broke below the parity level on Wednesday. Source: xStation5

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