USD/CHF has traded heavy since the New York open, however low volumes have muted the extent of the slide. Spot touched an overnight high of 1.2110 in late European trading, as early bird New Yorkers arrived at their desks and decided to get a jump on the day.
Overall levels are little changed from Friday's New York close, and US traders are not looking for much in the way of action with little in the way of US statistics, and London closed. Overall the market remains bearish and is looking for better levels to sell, with good offers from 1.2110 up to 1.2150.
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