Forex: EUR/CHF reaches 1-month high

FXstreet.com (Córdoba) - The euro has continued to push higher against the franc during the American afternoon and recently reached a fresh 1-month high of 1.2278, following a quick drop in the wake of the twitter flash crash.

EUR/CHF has climbed over 80 pips throughout the day, and it is currently trading around 1.2270, where it records a 0.5% gain on the day.

Earlier there were rumors that the SNB is contemplating raising the EUR/CHF peg from 1.2000 to 1.2500.