FXMarketAlerts Team
FXMarketAlerts
Published at 10:25 (GMT) 28 Aug
EUR/USD is lower again, the move looking more dramatic than it is due to the still quite tight range. The Ukraine situation is again front and centre as Kiev's presidential website accuses Russia of a military invasion, that putting more downward pressure on EUR/CHF ahead of the upcoming speech by the SNB's Danthine. On EUR/USD yesterday's low at 1.3151 is coming into view, likely to get a helping hand from the SNB if it is having to hoover up EUR/CHF as it will want to keep ratios in some kind of shape. The next release of SNB reserves data will be keenly awaited. PB
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