XE Market Analysis: North America – Sep 11, 2015

There has been no clear direction in the main currencies so far today. The euro clawed out new highs against the dollar and yen, among other currencies, before retreating. EUR-CHF was on the move again, rising above 1.1000 for the first time since the SNB abandoned its limit on the franc in January. A generally firmer euro and a steadier tone in global stock markets has been conducive of franc declines in recent sessions, while deeply negative Swiss deposit rates has been driving a steady drip feed of yield-searching fund outflows.