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FXStreet (Córdoba) - EUR/CHF rose more than 150 pips on Wednesday and had the best day since January boosted by a decline of the Swiss franc across the board.
The Swiss National Bank (SNB) reported that negative interest rates will now also apply to sight deposits held by enterprises associated with the Confederation and the pension fund and triggered speculations and weakened the Swissy.
The euro jumped from 1.0250 and peaked during the American session at 1.0427, the highest level in almost two weeks. Afterwards pulled back modestly and ended the US session hovering around 1.0400/10, the level it had early in April. In just a few hours, EUR/CHF erased monthly losses.
