Forex Flash: The Franc is a function of the Euro but without the liquidity – BBH
FXstreet.com (Barcelona) - The France was dragged higher by the Euro last week writes Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman.
He notes that it may under-perform the Euro going forward as the Euro approaches the 1.2000 SNB floor. The USD decline stalled out around CHF 0.9250 though he sees potential around 0.9200 with resistance around 0.9300, however, he finishes by commenting starkly, "It is, frankly, uninspiring."
He notes that it may under-perform the Euro going forward as the Euro approaches the 1.2000 SNB floor. The USD decline stalled out around CHF 0.9250 though he sees potential around 0.9200 with resistance around 0.9300, however, he finishes by commenting starkly, "It is, frankly, uninspiring."
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