CHF demand stays strong

Author: Sean Lee | Category: News

This is not straight risk aversion this morning, as can be seen through the higher USD/JPY price, rather we are seeing straight demand for the CHF across the board with the EUR and the AUD the main losers. EUR/CHF has hit a new record low at 1.2350 and with EUR sentiment deteriorating and CHF demand (M&As, Eastern European loans etc) increasing, this trend may start picking up steam.

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