Forex - EUR/CHF, USD/CHF Flows: USD/CHF longs an attractive alternative to short EUR/USD , unless the Ukraine steps back front and centre


Published at 05:00 (GMT) 10 Sep


EUR/CHF, USD/CHF Flows: USD/CHF longs an attractive alternative to short EUR/USD , unless the Ukraine steps back front and centre (DKYC7501)

EUR/USD finally found some support yesterday with the reserve managers suspected holding the main interest and that's likely to play onto the SNB's hands as USD buyers will be more inclined to buy USD/CHF to avoid the regular EUR/USD buyers. The big danger there of course is if the Ukraine pushes back up the newswires and the knee-jerk pushes the cross back down to 1.2050, and we suspect the 'just in case' offers will not be much above1.2080. PB

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