What percentage of the US dollar index basket is the the CHF worth? A mere 3.6%. Devalue that portion by 10% and those short the DXY are suddenly in a world of hurt. The combination of the weak euro and … Continue reading
After a meeting of top officials, Reuters reports. EUR/CHF little moved on the comments as the SNB is seen having little ammo it is willing to use weaken the franc. As the Economy minister said earlier this week, we’ll just … Continue reading
Hearing some regular buying interest in AUD/USD from Japanese names this morning but the pair’s not exactly flying higher. Also some AUD/CHF buying, equally having little effect so far. That cross has fallen off a cliff this morning with a low … Continue reading
Infrastructure, exports, innovation likely inclusions–Reuters Second tranche of support package would be prepared for Winter parliament session Like the first package, it focuses on the symptoms of the strong franc (reduced tourism, exports) but not the causes, which are really … Continue reading
There were sell stops through 1.1500 in EUR/CHF, best I tell ya there are apparently sell stops through .7950 in USD/CHF. We’re at .7978 having been as low as .7962.
Hitting a new low this week of 1.1545 and is down over 300 pips on the day. The moved largely initiated by a major swiss name earlier apparently in conjunction with a hedge fund. Comments from the Swiss Econ Min over … Continue reading