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Drive-by by the BIS gives EUR/CHF a quick pop

By   || July 9, 2009 at 13:26 GMT
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EUR/CHF got a quick ride to the topside by some BIS buying about an hour ago, traders say. Prices rallied from 1.5105 to 1.5170 before fading back to the present 1.5135 level. Traders continue to use intervention as opportunities to lighten up very long net positions in EUR/CHF.

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