Spot Forex: Latest Headlines
Posted 7/27/2010 10:58:00 PM The USD, JPY along with the CHF were softer as receding risk
aversion prompted market players to soak up risky assets leaving the usual
safe havens high and dry. That saw the [USD/CHF] which fell to the day's
low of 1.0482 during the Asian session jumped to an o/n high of 1.0640
level. The CHF was also weighed by massive buying in the Eur/Chf cross by
European and German buyer sending it to an o/n high of 1.3796 as the
market ignored chatter of SNB activity. UBS June consumption indicator
which came in at 1.812 vs 1.712 prior was ignored by the market. With no
Swiss data due today, risk will likely dictate the pair's direction with
buying orders at 1.0560 by a French name providing and selling orders at
1.0660 by intraday specs keeping the range this session Copyright © 2010, Informa Global Markets
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