Swiss franc demand notable as NA desks enter the fray

Author: Mike Paterson | Category: News

 A steady session in Europe has just stepped up a gear with CHF buying noted

USDCHF down to 0.9595 from 0.9630 in a straight line with EURCHF down from 1.1030 to 1.1005

Not hearing any prime movers but yen demand reappearing too so perhaps risk related or just simply a decent size order going through after last week's  steady rally.

Demand/support at 0.9850 and 1.1000 with larger interest at 1.0980.

Update 12.04 GMT : EURCHF holding 1.1000 but struggling to get back over 1.1010