The Swiss Franc has found its feet after investors turn risk averse on Monday morning.
The launch of an EU probe into big tech giants' practices and renewed attacks on Kyiv are unsettling markets.
USD/CHF reaches an upside target and pulls back.
The Swiss Franc (CHF) edges higher on Monday as increased risk aversion pushes investors into safe-havens, of which the Swiss Franc is one of the best known.
The flight to safety comes on the news that the European Union (EU) has launched an investigation into big tech giants such as Apple, Google and Meta on Monday, according to ABC News.
The news that Russia has launched hypersonic missiles at Ukraine’s capital Kyiv may have further unsettled markets.
Major European indices such as the DAX, CAC40 and FTSE 100 are down by roughly half a percent on Monday at the time of publication. US Futures are off by a quarter of a percent.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.