Oil is finally catching a bid on fears that oil flows through the Suez Canal could be interrupted, traders say. As well, there seems to be a little bit of flight to safety bid in the US bond market at the moment. From 3.45% high yields on the day, we’ve eased back to 3.42%, up from last nights 3.39% close.
CHF has seen pockets of strength versus the crosses today, the natural safe-haven, but nothing dramatic. EUR/CHF is now at 1.2945.
