Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 03 - 04:55 AM

EUR/USD - Seems EUR/USD Is Under SNB's Control

By Jeremy Boulton  —  Jul 03 - 02:55 AM
  • EUR/USD continues to trade inline with likely SNB actions

  • Top and tailing effect upon EUR/USD of SNB intervention nL1N2E70DG

  • EUR/USD boosted early yesterday rising from 1.1250 to 1.1302 (intervention?)

  • Pair subsequently sliding to 1.1224 (rebalancing?)

  • Switzerland may need to boost intervention nL1N2E90C6

  • SNB is already one of the biggest FX players, maybe the biggest player

  • Bigger intervention risks greater distortion. To step back risks disorder



EUR/CHF and EUR/USD hourly Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!