By FX Empire.com
The EUR/CHF continues to fluctuate heavily yet within a rather tight range as seen last week, where the franc attempted to regain some strength as it stabilizes above the set floor by the SNB and investors see less likelihood for the SNB to move again.
Although the euro was boosted last week with the unwinding on pessimism and hopes that the leaders will be able to contain the debt crisis, it still ended bearishly on the week versus the franc as investors reduced bets on a move from the SNB and the uncertainty over the euro outlook still remains high.
With the lack of major fundamentals from the euro area andSwitzerlandtoday the market will react to the any news present from the weekend summit form the G20 finance chiefs that lay the grounds for the summit in early November. The focus remains the euro area and the market on Monday will react to any signal over how they are going to contain the crisis and more support will likely help the euro recover some of the losses versus the franc.
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