EUR/CHF move not driven by USD/CHF – Commerzbank EURCHF SNB USDCHF Banks
single currency. Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes what is driving the EUR/CHF pair.The threat of interventions implies that the risk of losses resulting from CHF longs is very limited . A situation like that can easily turn into a focal point at which large volumes of speculative demand can accumulate.
‘That is driven by USD/CHF’ implies a causality, with the Greenback acting as a cause. This view is not supported by reality.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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