By Robert Howard — Apr 11 - 09:52 AM
• USD/CHF falls to 0.8100 EBS low as investors lose confidence in U.S. assets
• 0.8100 is lowest level since Jan 2015 (when SNB ditched EUR/CHF 1.20 floor)
• Safe-haven franc is one of the prime beneficiaries of USD confidence crisis
• EUR/CHF hit five-month 0.9223 EBS low in Asia; 15 pips above Nov 2024 low
• Nov 2024 low for EUR/CHF is lowest level since Jan 2015 'Frankenshock'
• Does the SNB dare intervene in FX market to weaken the franc?
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(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters