USD/CHF still under pressure
Ranging again this morning just above the 0.7990 level which is being protected again by a major NY bank.
I’m told there are bids on the machines of around $500 at 0.7992, which is currently deterring further pushes.
Some macro sellers have been seen in the EUR/CHF this morning with a low of 1.1420. Bids are now reported towards 1.1405 seen on July 18.
Dollar is trading around 0.8010 with the cross around 1.1435