better for whom? Not for folks long in EURCHF in any case...
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Correlation EUR/USD, USD/CHF, EUR/CHF (Humour me please... Thx) 8 replies
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Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies
Disliked1% deflation in the last year...it is not good for economy...
i think they step today,because recent level 1.2030 is too dangerous and the weekend is too long...
friday-monday banks closed
i hope it go up above 1.21 todayIgnored
DislikedYep, not good even for sellers because SNB reserves are higher than expected...Ignored
DislikedYep, not good even for sellers because SNB reserves are higher than expected...it's a equilibrium. I wish the big players to try to break the peg. It will be the only reason for SNB intervention in this moment. But nobody will mess with a national bank because they will lose too much money.
I'm still in the opinion the pair will be trade around 1.203-1.21 at least for the next 3 months based on rumors/elections.
Till other CHF news, we can enjoy the overnight rate of our long positions.Ignored