The fighting in Libya seems to be nearing an end and EUR/CHF is of course seeing some volatility. The CHF weakened initially on signs that the Libyan situation was close to being resolved but EUR/CHF is now back near its NY closing level. The prospect of lower opens on regional equity markets is also encouraging the risk aversion trade.
EUR/CHF closed in NY around 1.1300, opened higher on the prospect of Gaddafi finally being ousted, getting to 1.1360, but it’s now back to it’s NY close
