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Thomson Reuters
Mar 04 - 08:36 AM
EUR/CHF - SNB Intervention May Lay Foundations For A Big EUR/CHF Rise
First appeared on eFXplus on Mar 04 - 06:20 AM
  • Seems trade war/Brexit fuelled SNB intervention in EUR/CHF nL1N20N07Q
  • Yet same risks have capped rate expectations fuelling FX rate plays
  • Such interest will weigh on the franc as it's undermined by lowest rates
  • China tax cuts nL1N20R07T . Trade deal nL1N20R05D add to buoyant mood
  • Bets on a EUR drop (USD 10bln) are 3 times those for CHF (2.9bln)
  • CHF, a cheaper funding choice, may fall. If EUR/CHF tops 200-DMA, may surge

EURCHF daily Click here

Source:
Thomson Reuters IFR Markets

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