FXstreet.com (Barcelona) - Dollar falls apart again major rivals except for Swiss Franc, that also fall apart across the board after the Swiss National Bank intervened directly in foreign exchange markets Thursday to prevent the Swiss franc from rising further. This is the first central bank that openly intervene openly the forex market in almost 6 years. Being Switzerland an export dependent country, franc's appreciation undermines the competitiveness of Swiss companies at a time when they are already fighting with a slowdown in global growth.
Dollar on his side was hit by a rapid increase in risk aversion, after Wall Street continues advancing today for the third session in a row. Euro remains above 1.2900 after reaching as low as 1.2731 today, will Gbp is slowly approaching to the 1.4000 zone. Confirmation above these levels, will be clear signal of further continuation in the medium term.