Will this cross ever move again I hear you ask. Who cares is my reply. No mustn’t be frivilous, I’ll get told off.
Just been reading some comments on Reuters regarding the cross.
Credit Suisse analysts apparently think the cross will trend lower over a one-month horizon to their 1.4200 target.
Meanwhile a UBS analyst opines that “On Swiss domestic grounds there is limited room for a materially higher euro/swiss franc and then there are the ongoing discussions across Europe on Greece.”
EUR/CHF sits demurely at 1.4321.
