The Swiss franc depreciated almost seven months against the Euro on Monday as market players' focus remained on the Brexit trade deal. At the same time, the US dollar continued to depreciate after US President Donald Trump signed a coronavirus stimulus package today.
Trump has finally signed a $ 2.3 trillion stimulus package that includes government funding and coronavirus assistance to Americans and businesses affected by the coronavirus pandemic.
The Swiss Franc depreciated by 0.3% to the exchange rate of 1.08860 against the euro, the lowest level since June 8.
Some analysts, such as Ulrich Leuchtmann, head of FX research at Commerzbank Frankfurt, say market risk is still hovering over the risk of the 'hard Brexit' issue. regarding some clauses in the text of the agreement.
In the United States, US President Donald Trump signed a US $ 2.3 trillion Covid-19 aid package and a US $ 600 government fund that includes a stimulus package for most Americans.
The US dollar index, which measures the greenback against the major, depreciated by $ 0.22 to the exchange rate of 90,050 as of 11.00 p.m.
The market prefers to be patient first because of concerns over the Brexit deal issue. More movements are expected to take place after waiting for the UK and EU Parliaments to approve the deal.
