The Euro to Swiss Franc exchange rate has strengthened to around 0.9304, its highest closing level since January and close to July's peak at 0.9315. EUR/CHF has gained 0.8% this month and 1.3% in June, extending its recovery from the March low near 0.8981.
EUR/CHF may already be telling investors what to expect from today's European Central Bank meeting. The cross broke decisively above 0.9278 this week, extending its recent rally as surging oil prices revived inflation concerns across Europe.
The EUR/CHF exchange rate has shown resilience over the past month, with the pair advancing approximately 0.25% overall. However, the Swiss franc has recently strengthened.