That harbinger of European risk – EUR/CHF is heading lower once more. The pair last at 1.3450 – intraday range 1.3436-1.3529. Whilst it’s early in the day and we have not got any of those spread widening headlines, they may well be on the way. It seems despite bonds in Greece and Ireland trading at levels where if you were in the long end and had to take a haircut, you might still make money – people are still heading for the exit door.
I would be watching this cross pretty closely if I had a position.
