On EUR/CHF and the enduring myth of 'safe haven' pairings.
Watching $EURCHF bounce around 0.93557 today, peaking at 0.93611, it always makes me question the narrative. We constantly hear the 'safe haven' angle for CHF, yet every time there's even a whiff of broader market jitters, $EURCHF rarely performs as expected by that logic. It's almost as if the conventional wisdom ignores the nuances of the EU's own intertwined economic stability and the franc's specific pressures, especially with ECB policy diverging. It feels like a persistent oversimplification that still catches many off guard, more so than the actual mechanics of the pair. $EURCAD at 1.60836, with its wider range today, seems to reflect more pure sentiment. Change my mind. What am I missing in the $EURCHF puzzle?