USD/CHF rallies despite Greek downgrade news
USD/CHF is bouncing despite the news that S&P downgraded Greece three more notches. The dollar is edging firmer across the board as the risk trade is reduced across the board. EUR/CHF is steady at lower levels, supported ahead of the 1.2000 level where a barrier option is rumored being protected.
Small stops are sen in the 0.8375 area in USD/CHF while offers return toward 0.8400. Offers in EUR/CHF are eyed at 1.2050/55.