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22 Jan 2015
EUR/CHF falls below 0.9900 after ECB announces QE
FXStreet (Córdoba) - EUR/CHF pushed to fresh daily lows sub-0.9900 but remained within recent ranges as investors shrugged off the ECB announcement of an open-ended QE programme.
With the announcement of quantitative easing by ECB largely priced in, EUR/CHF faced pressure and hit a daily low of 0.9855,although the reaction has been pretty modest. At time of writing, the pair is trading at 0.9870, 100 pips below its opening price.
ECB decided to launch an expanded asset purchase programme, which includes existing purchase programmes for asset-backed securities & covered bonds and will amount 60 billion per month. This programme will start in March 2015 and it will last until achieving "sustained adjustment in path of inflation."
With the announcement of quantitative easing by ECB largely priced in, EUR/CHF faced pressure and hit a daily low of 0.9855,although the reaction has been pretty modest. At time of writing, the pair is trading at 0.9870, 100 pips below its opening price.
ECB decided to launch an expanded asset purchase programme, which includes existing purchase programmes for asset-backed securities & covered bonds and will amount 60 billion per month. This programme will start in March 2015 and it will last until achieving "sustained adjustment in path of inflation."