The proportions can continue
The euro fell against the franc to its lowest level in more than 7 years
The Swiss Franc is constantly rising against the Euro. The single currency hit a seven-year low on Tuesday. The euro could continue to lose value.
Publication date: 6:48 pm
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Updated: 6:52 PM
The Euro Is Less Than The Franc – How Long Will This Last? ask Blake Forex experts last week. This is manageable at the moment – for the workplace, but above all for exporters. According to UBS, the euro should continue to fall against the franc in the medium term.
In fact: the euro accelerated its decline on Tuesday and fell not only below parity against the franc, but also to its lowest level in seven years: 0.9924 francs!
The Euro is only weaker in a day
So far, the euro has only been weaker in mid-January 2015, when the Swiss National Bank (SNB) raised the minimum euro exchange rate out of nowhere, causing turmoil in financial markets.
According to foreign exchange traders surveyed by the AWP, the euro has been burdened for some time by the sometimes very gloomy mood in the international financial markets.
Another reason for the euro’s weakness is that many central banks are reacting more decisively to high inflation than the European Central Bank. This also includes the Swiss National Bank. (in euros)
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