The low-yielders have been firm today with the USD, JPY and CHF firming most today. Swiss may have just gotten a blow as Moody’s says they are placing UBS on review for a potential downgrade. They noe have a AA2 rating. Late last year, the SNB took the worst toxic crap off of UBS’s balance sheet, you’ll recall.
EUR/CHF trades at 1.5075, not far from 1.5070 intraday lows. There were rumors last week of SNB bids at the 1.5050 level…
