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EURCHF is heading towards parity

EUR
  • The Swissy has taken over the SEK as the worst performing currency in G10 against the EUR.
  • EURCHF is up 0.80%, and at its highest level since the 5th July, the day when it broke below Parity.
  • Most market participants will look for parity to be challenged.
  • EURSEK targets 10.30 next.
  • Unclear if the spike to 10.3563 on the 5th January was a erroneous print, but a break through the latter would eye the 2020 and highest print since march 2009 at 11.4262.

Chart source: MNI/Bloomberg

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