Rumours Of SNB Intervention To Weaken CHF, And Rising Concerns On Strength Of JPY

November 26th, 2009 • Filed Under • Print Print




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G10 Advancers and Decliners vs USD
JPY0.66
EUR-0.32
CHF-0.55
GBP-0.65
Final confirmation of the break out in currency ranges came late in the US session yesterday; as EURUSD ensured a daily close through the key 1.5100 technical level, after a quick thrust through final resistance triggered stops all the way up to 1.5140 levels. USDCHF similarly pushed decisively down through 1.0000 to touch lows of 0.9918; and the momentum was powerful enough to force EURCHF to…

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Read more on Swiss Franc (CHF), Japanese Yen (JPY) at Wikinvest
Tagged Posts: Decline, currency, SU, LOW, ARG, market, ag, momentum, eur, X, LD Tags
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