JPY Daily News

Franc Recoups Losses against Euro

After taking some mild losses against the euro during the morning session yesterday, the Swiss franc was able to stage a recovery which brought the EUR/CHF pair to 1.2100 toward the end of the European session. The markets were fairly subdued otherwise for much of the day, as traders were eagerly awaiting any news regarding a possible Greek debt swap deal.

Turning to today, traders can expect a much more volatility, as indicators from the UK, euro-zone and US are all forecasted to generate heavy trading. The franc will likely see significant gains should any of the news indicate the global economic recovery is not going proceeding at a quick enough rate. Traders will want to note the economic outlooks from both the British MPC and European ECB. Negative outlooks from either may cause traders to revert their funds to safe-haven currencies like the franc.

Current Time: 05/27 01:14 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
02/09
	05:00	JPY	Household Confidence		38.9	38.6	40.0
	06:00	JPY	Prelim Machine Tool Orders	y/y	17.4%	-	-6.6%
	23:50	JPY	CGPI	y/y	1.3%	0.9%	0.5% 0.5%