Buying from a US investment bank has pushed USD/CHF to fresh highs on the day just below 0.9800 despite EUR/USD being more than a cent above earlier lows and risk aversion ripe in most markets.
Very odd price action today in some of the pairs, like this one and GBP/JPY, mentioned earlier…
The QE trade is being unwound across the board today, the dollar has moved higher on the day (basis the DXY), stocks are being sold, commodities are being sold and bond as being sold. Who every could have guessed?
