The EUR/CHF currency pair, which expresses the value of the euro in terms of the Swiss franc, has been trading higher in recent weeks. While euro sentiment is thought to have improved, the so-called positive sentiment has not pervaded all EUR FX crosses, as I demonstrated in the latter part of a recent article (covering EUR/NZD). The euro has improved mostly with respect to the U.S. dollar, as USD has weakened considerably across the board.
However, EUR/CHF may prove to be an exception. While EUR is struggling to gain ground against other major currencies, recent