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
BREAKING: U.S. CPI shows persistent inflation pressure! Dollar Strengthens After Data Release!
📉 EURUSD down 0.3% ahead of April’s inflation
Economic Calendar - Inflation Takes Center Stage (12.05.2026)
Morning Wrap - Slight Malaise Creeps Into the Market (12.05.2026)