Eurozone is still struggling with the COVID19. The situation in Italy, Spain and Germany still looks grim. UK got out ( Brexit ) so one less big spender in EU
The ECB is injecting a lot of stimulus into the economy ( billions and billions ). EU closer to accessing its bailout fund, the European Stability Mechanism.
Now... CHF is a safe have currency ( together with JPY ). So obviously if the grim situation continues, we could see EUR drop further against the Swissy.
Let's see what happens.
The ECB is injecting a lot of stimulus into the economy ( billions and billions ). EU closer to accessing its bailout fund, the European Stability Mechanism.
Now... CHF is a safe have currency ( together with JPY ). So obviously if the grim situation continues, we could see EUR drop further against the Swissy.
Let's see what happens.