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- EURO-SWISS: the pair around the London fixing with a spike to Chf1.2379 reversing for trade to Chf1.2320/25 of current level
EURO-SWISS: the pair around the London fixing with a spike to Chf1.2379 reversing for trade to Chf1.2320/25 of current level
Extends recovery to Chf1.2350, with traders seen paring back risk off positions, with move also driven by unconfirmed market chat concerning a SNB press conference at 1600GMT. This added to reports of German, Dutch, Finnish finance ministers to make statement at 1615GMT, though no details forthcoming of the latter content. Rumours abound for another euro-Swiss floor hike (currently at Chf1.2000) though UBS sees most likely date for such action as Dec15.
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