Intraday Market Thoughts

Archived IMT (2009.03.20)

by Ashraf Laidi
Mar 20, 2009 17:26

More swiss franc damage as the SNB reiterates franc strength is a "problem" and adding "it is important the franc does not rise further". Such remarks are evidently negative for the currency even against the dollar. EURCHF and AUDCHF spike higher to 1.5320 and 0.7790 respectively. Although USD weakness is being pared back partly due to equity selling, oil remains underpinned above $51,while gold stands atop $950.


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