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Aug 23 - 07:55 AM

EUR/CHF - Continuing EUR/CHF Rise Suggests More Intervention

By Jeremy Boulton  —  Aug 23 - 06:23 AM
  • EUR/CHF has risen 1.0716-1.0750 EBS in Europe

  • Sustained and surprise run higher is likely consequence intervention

  • EUR/CHF has reached 38.2% drop from Aug peak (target min correction)

  • Intervention at tail-end last week likely behind EUR/USD lift nL1N2PU0DC

  • Rebalancing of intervention creates ripples

  • Reserve shifting would support pound nL1N2PU0J4nL1N2PU0IA

  • Rebalancing also favours CAD which has risen sharply [nL1N2PU0LC


EURCHF Click here

Source:
Refinitiv IFR Research/Market Commentary

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