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Oct 30 - 07:55 AM

EUR/CHF - Holds Below 1.07 Before Euro Zone Inflation Data

By Rob Howard  —  Oct 30 - 05:35 AM
  • EUR/CHF remains sub-1.07 ahead of euro zone Oct inflation data at 1000GMT

  • HICP is forecast -0.3% YY, unchanged from September

  • EUR/CHF slid through 1.07 Wednesday, en route to 15-week EBS low of 1.0677

  • 1.0678 was Thursday's EBS low. 1.0678-1.0695 = Friday's EBS range-to-date

  • SNB intervention risk (selling CHF) is key source of support for EUR/CHF

  • SNB made 12 bln franc profit from its currency positions in Q3 nL8N2HL1PA

EURCHF Click here

Source:
Refinitiv IFR Research/Market Commentary

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