By FX Empire.com
On Monday, both economies lack economic fundamentals which propose that there would be calm trading on the pair which is predicted to follow the general trend in market as it will not able to get direction from data.
Still, the main focus is the latest developments from the euro area. In the week ended October 21, the pair showed decline amid worries stemming from the euro area which triggered safety demand on the franc, where investors started to resort to it amid speculations there will be no further interventions from the SNB to curb the franc’s appreciation despite the ongoing calls of raising the euro cap against the franc to 1.40 from the current 1.20.
Thus, if the European plan failed to ease the jitters in markets, the franc may advance against the dollar once again.
Read more daily and weekly Currency Fundamental Analysis here.
