EUR/CHF remains under pressure

Market news

22 December 2010

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.

Dow +27.47 at 11560.63, Nasdaq +3.97 at 2671.58, S&P +3.93 at 1258.53

Dow +30.23 at 11565.21, Nasdaq +6.87 at 2674.92, S&P +4.52 at 1259.24

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