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Oct 02 - 11:55 AM
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EUR/CHF - 0.9325 Flips To Resistance After 2% Fall
By Robert Howard — Oct 02 - 09:37 AM
• EUR/CHF meets headwind pre-0.9325 after rallying off 0.9260
• 0.9325 was EBS low on Thursday. 0.9260 was 10-week low at 1232 GMT
• Drop to 0.9260 prompted by wider French-German bond yield spread
• Hedge funds account for around 50% of French spread blowout, Fidelity says
• More EUR/CHF offers likely near 0.9350 and 0.9375
• 0.9260 is more than 2% below Wednesday's 17-month high
EURCHF
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters