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Oct 03 - 11:55 AM

EUR/CHF - Underpinned By Softer Than Expected Swiss CPI Data

By Rob Howard  —  Oct 03 - 09:50 AM
  • EUR/CHF elicited support circa 0.9650 expiry level after retreat from 0.9705

  • 0.9705 was early Europe EBS high, following sub-f/c Swiss CPI nL8N31309H

  • 0.9705 = highest level since Sept 22 (0.9420 was 91-month EBS low last week)

  • Franc not highly valued - Jordan (interview published Saturday) nL8N3114L3

  • SNB sight deposits fell by record 77.5 billion francs last week nL1N3140S6

  • Credit Suisse bonds hit record lows nL8N314272nL8N3141FDnL8N3143DN

Source:
Refinitiv IFR Research/Market Commentary

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