Euro hits 2-1/2 month high vs Swiss franc

LONDON, Oct 27 (BestGrowthStock) – The euro hit a two-and-a-half
month high against the Swiss franc on Wednesday, with traders
saying the market was targetting a key expiry level.

The euro (EURCHF=: ) rose to 1.3691 francs, its strongest
since Aug. 11, with traders citing reports of a large option
barrier at 1.3700 francs due to expire later on Wednesday.

The Swiss franc earlier hit a one-month low versus the
dollar (CHF=: ) of 0.9915.

Data has indicated economic momentum will likely slow in
Switzerland in coming months, albeit from a high level.
[CH-ECI-M]

(Reporting by London Forex team)

Euro hits 2-1/2 month high vs Swiss franc