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Wednesday, October 25, 2006
EUR/CHF: Pressing Higher As Swissy Tad Softer On Crosses
EUR/CHF has just traded to a session high 1.5931, as Swissy has adopted a generally softer tone against most crosses. GBP/CHF has traded up to a US session high of 2.3760, CHF/JPY dropped to a session low 94.09, and AUD/CHF is trading sideways at 0.9620, but has sustained itself at the lower end of the day's range after trading as high as 0.9650 in Asia. CAD/CHF seems to be the lone holdout, having traded as high as 1.1232, having opened NY at 1.1215. The net effect on USD/CHF has been neutral, with the pair trading in a 1.2650-65 range for the past half hour.
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