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Swiss franc finds some support after better ZEW data

We've seen some demand for CHF in the wake of the ZEW data out a short while ago

The reading produced by Credit Suisse came in at 16.6 for December vs 0.0 in November

CS said that a large majority of survey respondents rated the present state of Switzerland's economy as being "normal"

The survey ordinarily has minimal impact but traders are citing this, amongst today's fragile pre-FOMC conditions, as being a reason for the CHF demand

USDCHF currently 0.9893 from 0.9905 and EURCHF 1.0805 from 1.0820

Expect demand in the dips still with SNB very much on a close watch

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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