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Asian Session: Markets Watching EURCHF

06/18/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD CHF 0.14 EUR -0.05 GBP -0.28 JPY -0.30

The USD was stable in the Asian session, on light volumes. The EURUSD and USDJPY traded in relatively tight ranges of 1.3920-1.3970 and 95.60-96.00, respectively, despite the fact that general risk appetite continues to struggle. Mounting negative news has yet to see follow through into the USD, making us consider the decline of the risk aversion trade. The EURCHF was able to push down to 1.5020…

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