Related to this deal. Take it for what you will.
Note the date the European Commission extended its review of the deal to, August 9th.
7 Responses to “Talk M&A flows supporting USD/CHF”
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AUTOREFRESH 
Gerry the deal is going to take months probably. Why do the currencies move so fast?
The full takeover… to clarify
I think the market has noted the date to which the EC extended it’s review of the deal ie today. alot of the time the market uses info/news about these big M&A deals to drive the price in the direction of the deal amid much specualtion, some of it spurious. . ie it’s an excuse rather than fact.
Thanks
the thing the speculation needs to be successful is to sound feasible.
this is non-sense. Novartis reports in dollars and Nestlé in Swiss franc. so if any M&A flows – dollar swiss yours. plus both have very active hedging programmes open, this won’t be a one-off flow, but as Gerry mentioned just noise to play with. i love usd-chf rounding bottom on weeklies for a move to 1.08 – especially with all the CNBC etc calling for a lower dollar.
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[...] funds seen good buyers of this pairing today. There was some scuttlebutt of the pairing being impacted by M&A flows, but not sure the talk rang true. Share and [...]