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EURCHF extends gains this morning

EUR
  • EURCHF makes a new intraday high, helped by the underpinned EUR, following the French and Spanish CPIs print.
  • Equities (VGH3) and ESH3 are also back in green territory, keeping the lid on safe haven currencies.
  • Earlier Swiss GDP saw a 1 tenth miss on the QoQ reading, but an inline YoY with consensus data.
  • Most market participants will look for resistance at parity, which last traded on the 6th February.

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