EUR/CHF hit again
EUR/CHF has been hit again, down at 1.3535 from early 1.3580. Recently there has been talk of the Swiss National Bank selling the cross, something I for one certainly can’t substantiate. Also yesterday there were rumours of a September rate hike in Switzerland. All very murky.
The EUR/CHF cross selling has helped pressure EUR/USD, which is presently down at 1.3050.