Trading news

CHF plunges for no reason; UK GDP, US CPI

Market Recap

A quick glance at the above table shows clearly that the big move over the last 24 hours was CHF, which has plunged against both USD and EUR.

In any event, the move up in USD/CHF and EUR/CHF was fairly steady from the beginning of European trading yesterday, although it appears to be peaking now mid-morning in Asia. We could see some retracement in this sharp move, particularly as investors presumably search for the explanation and come up empty-handed.

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