EUR/CHF move not driven by USD/CHF – Commerzbank EURCHF SNB USDCHF Banks
single currency. Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes what is driving the EUR/CHF pair.The threat of interventions implies that the risk of losses resulting from CHF longs is very limited . A situation like that can easily turn into a focal point at which large volumes of speculative demand can accumulate.
‘That is driven by USD/CHF’ implies a causality, with the Greenback acting as a cause. This view is not supported by reality.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CHF holds steady above 0.8700 mark, closer to two-week high set last FridayThe USD/CHF pair attracts some buying following an intraday dip to sub-0.8700 levels during the Asian session and climbs back closer to over a two-wee
Read more »
USD/CHF climbs to near 0.8750 amid strength in Greenback, US Manufacturing PMI eyedThe USD/CHF pair delivers an upside break of the consolidation formed around 0.8700 in the London session. The Swiss Franc asset picks strength follow
Read more »
USD/CHF loses traction near the 0.8730 mark amid USD weaknessThe USD/CHF pair snaps a four-day winning streak near 0.8730 during the early Asian session on Wednesday. Market participants await the US ADP employm
Read more »
USD/CHF Price Analysis: Steadies within weekly bullish channel around mid-0.8700sUSD/CHF Price Analysis: Steadies within weekly bullish channel around mid-0.8700s – by anilpanchal7 USDCHF Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
EUR/USD will not receive any momentum any longer if the ECB follows the Fed – CommerzbankThe European central bankers are copying the behavior of their colleagues in the US. Economists at Commerzbank analyze the implications for the EUR/US
Read more »
The RBA is taking a wait-and-see approach for the time being – CommerzbankThe Reserve Bank of Australia (RBA) held the cash rate at 4.1% for the second month in a row. As a result, the Aussie depreciated. Economists at Comme
Read more »