A market view history of the EUR/CHF from the website ForexLive July 2009 EURCHF Offers 1.5250 Im hearing that EURCHF offers at 1.5250 are lined up ready to defend the level. There was an attempt to take it higher on Friday after the German IFO number but failed. 1.5250 is proving to be quite a level. … Continue reading »
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Monthly Archive: July 2009
Swiss National Bank Still Committed to FX Intervention (July 2009)
Jul. 17th 2009 Extracts from the history of the Swiss franc (July 2009). When the Swiss National Bank (SNB) intervened three weeks ago in forex markets, the Swiss Franc instantly declined 2% against the Euro. Since then, the Franc has risen slowly, and it’s now in danger of touching the “line in the sand” of …
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