Specs scrambling for cover in EUR/CHF

Author: Jamie Coleman | Category: News

The Armageddon trade is being taken off in dramatic size in thin-month-end markets, driving EUR/CHF above 1.2200. USD/CHF is nearing resistance at 0.8440.

Traders not talk of significant interest from real money accounts to buy both USD/CHF and USD/JPY at the fixing at 15:00 GMT. The danger now is that those orders are bring front-run…

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