Entering the Intervention Zone
Courtesy of Bruce Krasting
One Around Two
We are near the edge on a few situations in the FX markets. I'm watching the EURCHF and the USDYEN. The market traded EURCHF to a low of 1.2032 today. It closed at a (slightly) safer 1.2044. I would not be surprised to see this cross trade very close to the official peg of 1.20 in the not too distant future.
There is no doubt in my mind that the Swiss National Bank (SNB) will be involved when and if the EURCHF
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