FXstreet.com (Córdoba) - The Swiss Franc continues to rise against the Euro extending speculations about a possible intervention by the Swiss National Bank. EUR/CHF broke below 1.4850 and fell to 1.4823 reaching a fresh 9-month low. Currently trades at 1.4828/32, 0.23% below today's opening price and is falling for the fourth consecutive day.
In the current month, the pair is posting the biggest monthly decline of the year. EUR/CHF trades practically at the same levels it had a year ago. The pair peaked during 2009 at 1.5450. following the first intervention of the SNB, during March.