December 28th, 2010 10:26:38 GMT

ECB Allots E227.865 Bln In 7-Day Funds At Fixed Rate Of 1.0%

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FRANKFURT (MNI) – The European Central Bank on Tuesday allotted
E227.8650 billion in its main seven-day refinancing operation at a fixed
rate of 1.0%.

The ECB satisfied all of the 233 bids received.

Today’s operation resulted in a net addition of E34.395 billion
after the ECB allotted E193.470 billion in its 7-day MRO last week.

–Frankfurt bureau. Tel: +49-69-720-142. Email: frankfurt@marketnews.com

[TOPICS: M$X$$$,M$$EC$,MGX$$$]

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December 28th, 2010 08:39:25 GMT

Hildebrand unable to unload ‘burden’ of record franc as GDP seen slowing

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Bloomberg article.

EUR/CHF down at 1.2595 from early 1.2635.

Just reading UBS forex strategists say they are bearish the cross, focusing on 1.2439 ahead of 1.2283.  They see resistance at 1.2714.

They also forecast a fall in USD/CHF.  See break through support at .9463 potentially exposing .9202.   The spot rate is presently down at .9511 from early .9551.

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