Being told by my favourite UK clearer, a lot of traders are looking closely at this 0.9300 level which was the 2010 close and a key focal point for corporates. Being told that a break up through there could make a lot of corporates unwind hedges put on over the year when the swiss franc was at its peak.
Might be worth keeping an eye on …..
USD/CHF’s at 0.9259 having been up to 0.9269 after the 0.9250 barrier was broken
