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Dec 14 - 11:55 AM

EUR/CHF - Respects Last Week's Low, When SNB Was Active

By Rob Howard  —  Dec 14 - 09:57 AM
  • EUR/CHF elicited support pre-1.0388 earlier, with 1.0392 marking EBS low

  • 1.0388 was EBS low last week -- when SNB stepped up FX intervention

  • See: nL1N2SY162. 1.0376 was EBS low on Dec 3, lowest level since July 2015

  • Drop to 1.0376 influenced by Swiss vs euro zone inflation gap nL1N2SR0HO

  • SNB quarterly MPA Thursday nL8N2SY2RL. ECB meets Thursday too nL4N2ST3VX

  • M&A news: CSL to buy Switzerland's Vifor for $11.7 billion nL4N2SZ0J8

EURCHF Click here

Source:
Refinitiv IFR Research/Market Commentary

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