USD/CHF and EUR/CHF enjoyed a bounce as risk aversion eased but continued uncertainty over the situation in the Ukraine suggests that any upward momentum will be limited. The fact that the largest economic impact from any worsening in tensions with Russia will be felt in the Eurozone highlights that life may become difficult once again for the Swiss National Bank as renewed safe haven inflows move into the country. Indeed the EUR/CHF floor at 1.20 may be tested over coming weeks. Data tomorrow will likely give further reason for the SNB to oppose CHF strength, with the annual rate of CPI inflation set to remain very low.
MarketWatch.com – MarketPulse- Dow ends 826 points higher Tuesday, stocks post big back-to-back gains
- S&P 500, Dow head for longest stretch of outsize moves since April 2020
- U.S. oil futures settle at a nearly 3-week high on bets for a significant OPEC+ output cut
- Cruise stocks lead S&P 500 in gains, as Carnival sees biggest gain in 23 months
- DeSantis to brief Biden in Florida about hurricane recovery on Wednesday, White House says
- DXC Technology confirms preliminary talks about a potential acquisition
- Gold futures end at a 3-week high; silver prices at highest since June
- Tesla stock pulls way back after report CEO Elon Musk willing to buy Twitter at original bid price
- SPAC backing Trump's Truth Social hit by news Musk is again offering to acquire Twitter at original price
- Starwood Capital in deal with EV charging company EnviroSpark to add 400 charging stations at 80 multi-family home properties
CHF pressures
March 6, 2014 — Mitul KotechaShare this blog
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