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US SPR Lowest Since 1987


1.25% Jul-51


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New 0.20% Jun-24 Schatz

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EURCHF eye key support



  • Focus comes back towards the EURCHF, and potentially the SNB.
  • There was some suggestions of intervention from the Central Bank, when the pair tested circa 1.03200 in December (printed at 1.03264 low).
  • The latter was the lowest level since end of June 2015.
  • EURCHF is at session low, 1.03410.

Chart source: Bloomberg

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MNI London Bureau | +44 203-865-3806 |

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