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EU policymakers must be onto something. The euro/franc exchange rate, flatlined for weeks only a...

EU policymakers must be onto something. The euro/franc exchange rate, flatlined for weeks only a few pips shy of the SNB's 1.20 floor, has started to show some life. The move higher this morning to CHF 1.2020 suggests at least a small move out of francs and back into euros.
Comments (5)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Onto something? No, they just spooked the lemming herd into running in a different direction for awhile.
    29 Jun 2012, 07:37 AM Reply Like
  • remurraymd
    , contributor
    Comments (2287) | Send Message
     
    EuroUnion just sold a giant liquidity put under market
    Draghi to do a rate cut next Thursday bullish for(FXE) short term.
    Volume will be the key progression upward on GREATER
    THAN NORMAL VOLUME will be the summer rally tell.
    29 Jun 2012, 08:04 AM Reply Like
  • wajid1752
    , contributor
    Comment (1) | Send Message
     
    rate cut would creat the required room for a more downward move, may be arround 1.20
    29 Jun 2012, 10:27 AM Reply Like
  • George Dorgan
    , contributor
    Comments (123) | Send Message
     
    Some FX traders were thinking that Euro crisis was solved. Quite the contrary: Further flight-to-safety outflows from German Bunds into Swiss bonds will happen. http://bit.ly/N3BO9J
    30 Jun 2012, 12:42 AM Reply Like
  • g saint
    , contributor
    Comments (3) | Send Message
     
    Please comment on the following scenario: what happens to the CHF in terms of it's overall buying power in the world if the euro splits into a euro-sud and a euro-nord, or completely disaggregates into; a new mark, nova lira, nuevo peso, new drachma, and etc. kind regards
    1 Jul 2012, 02:04 AM Reply Like
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