Should we keep an eye on the euro-franc exchange rate as it breaks below parity?

Should we keep an eye on the euro-franc exchange rate as it breaks below parity?

07.03.2022

Last weekend, the U.S. dollar fell against the yen amid a risk-off sentiment triggered by reports that the Zaporizhzhia Nuclear Power Plant in southern Ukraine had been placed under Russian military control following Russia’s invasion of Ukraine. However, the dollar remained firm against the euro, with the EUR/USD pair falling by approximately 250 pips from 1.106 to 1.082.

European currencies are seeing volatile movements due to the escalating situation in Ukraine, with the euro broadly weakening. The decline has accelerated particularly against the Swiss franc, with the euro-franc exchange rate falling further below the 1.000 parity level to hit a new low for the year of 0.997 during Asian trading hours.

Apart from German manufacturing orders and retail sales at 4:00 PM CET, the Halifax house price index in the UK at 4:00 PM CET, remarks by Bank of England Deputy Governor Canrif at 12:00 AM EST, and U.S. consumer credit data at 5:00 AM EST, no major economic indicators are scheduled for release today.With geopolitical risks persisting, we should expect sudden price movements that could make technical analysis less effective. Therefore, we will monitor price fluctuations while carefully adjusting our positions.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?