USD/CHF

Euro Under Intense Pressure in Monday Trade; Below 1.3125 Accelerates

Euro reverses course in early weekly trade Softer round of Eurozone PMIs weigh heavily on risk appetite Global equities also trade with heavy tone US Dollar and Japanese Yen prime beneficiaries Eurozone sovereign debt highest since Euro established Currencies were under pressure for the entire European session, with the safe haven US Dollar and Japanese Yen benefitting from the risk off trade. The pullback in the Euro has been quite