Market news
22.12.2010, 18:08

EUR/CHF remains under pressure

Saw low prints at Chf1.2448 after another shove lower around the London fixing event as a barrier strike at Chf1.2450 was targeted and flush after a brief defense. Area of Chf1.2400 said to hold further option-related interest but traders say bids in this pair and dollar-Swiss are light, exacerbating impact of recent flows which may reflect book-balancing needs.

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