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May 11 - 08:55 AM

EUR/CHF - Up Half-A-Cent From 11-Week Low Before Polish News

By Rob Howard  —  May 11 - 06:51 AM
  • EUR/CHF hit 1.0983 EBS high at 1012GMT after extending north from 1.0927

  • 1.0927 was 11-week EBS low in Asia. 1.0983 = highest level since May 5

  • Rally precedes Polish Supreme Court guidance on CHF mortgages nL1N2MY0JC

  • Thousands of Poles took out franc mortgages over a decade ago nL8N2MU31H

  • Franc soared after SNB unexpectedly scrapped EUR/CHF 1.20 floor in Jan 2015

  • 1.10 is a EUR/CHF resistance level beyond 1.0989 (May 5 EBS high)

EURCHF Click here

Source:
Refinitiv IFR Research/Market Commentary

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