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Oct 23 - 05:55 AM

EUR/CHF - Drops To 1-Week Low Just Shy Of 1.07; SNB In Focus

By Rob Howard  —  Oct 23 - 03:40 AM
  • EUR/CHF hit an EBS low of 1.0703 in Asia after extending south from 1.0747

  • 1.0703 is the lowest level since Oct 15 -- when 1.0689 was 3-month EBS low

  • 1.0747 was EBS high on Thursday (highest level since 1.0689)

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

  • Swiss franc scaled six-week peak vs USD on Wednesday (1.1072) nL1N2HC0I6

  • Bbg-SNB may have to sell some of its $100 billion in U.S. stocks

EURCHF Click here

Source:
Refinitiv IFR Research/Market Commentary

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