1354 GMT [Dow Jones] The recent move in EUR/CHF reflects developments in the euro zone, Commerzbank says. "ECB bond purchasing basically removes tail risk of a euro-zone breakup," Commerzbank strategist Peter Kinsella notes, adding the reason CHF had been trading so strongly was because everyone was afraid of a breakup of the currency bloc. He adds with the SNB's EUR/CHF floor staying put at 1.20, there's only really upside to go from here. EUR/CHF currently trades at 1.2035.([email protected])
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