The roller coaster ride continues for CHF pairs 9 Aug
USDCHF back to 0.9643 from 0.9612 and EURCHF rallying to 1.1322 from 1.1271. CHFJPY down to test 113.80 from 114.13
I warned earlier that we couldn't rule out some "smoothing" intervention from the SNB and perhaps a renewal of the CHF sell interest lately shown by hedge funds and others. I'm not hearing any prime names at this time but caution advised.
There's been notable defence of these lower levels in recent times and present a decent line in the sand.
Equities still under pressure with CAC40 extending losses to over 1.8%. DAX steadying around 1.25% losses though and we're seeing some general correction of earlier FX moves with EURUSD back up to 1.1744 with EURJPY up to look at 129.00 again as USDJPY bounces to 109.80.
GBPUSD steady at 1.3010 with EURGBP up again to 0.9027 from earlier 0.9012 lows.
Enjoying the ride so far ?
EURCHF
USDCHF
