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Sep 03 - 06:55 AM

EUR/CHF - Back Below 1.08 After Euro Jawboning From ECB

By Rob Howard  —  Sep 03 - 04:35 AM
  • EUR/CHF hits 1.0770 Sept EBS low after extending south from 1.0887

  • 1.0877 was 12-week EBS high Tuesday, before Lane spoke about EUR/USD

  • ECB's chief economist said EUR/USD exchange rate "does matter" nL1N2FZ1QH

  • Drop to 1.0770 influenced by more euro jawboning from ECB, re: FT report

  • See: nL1N2G007G. ECB meets on Sept 10, fortnight before SNB quarterly MPA

  • 1.0750 and 1.0722 (5-week EBS low last week) are support points under 1.0770

EURCHF Click here

Source:
Refinitiv IFR Research/Market Commentary

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