USDCHF Breaches Parity |
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| News - Funds | |||
| Thursday, 26 November 2009 15:33 | |||
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“It was only a matter of time before the immense pressure of USD weakness pushed USDCHF below parity.
Recent comments from the SNB’s Roth that extraordinary stimulus measures would soon be withdrawn gave CHF bulls the window of opportunity they had been looking for to break down final USD supports. We remain cautious however that the threat of deflation still looms heavy over the Swiss economy, and it is unlikely SNB members will be comfortable with the CHF appreciating significantly beyond here.” - Elizabeth Gregory, Market Strategist EURUSD Should Benefit From Fed View Of The Dollar “By far, the most significant take away from the most recent FOMC Minutes is the Fed’s view of the decline in the dollar as ‘orderly’. Rhetoric from central bankers outside the US about the importance of a strong dollar is now sounding extremely hollow, and it appears that investors can keep selling the dollar with aplomb; low rates are ensured, and the Fed appears unlikely to intervene either verbally or physically in the trend of dollar weakness.” - Elizabeth Gregory, Market Strategist
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