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Focus Turns to Sight Deposit Data

CHF
  • CHF is falling against most others in G10 so far Monday, easing off last week's multi-year highs and helping slightly by rising equity futures - all of which indicate a positive open in around 40 mins time.
  • Markets will continue to watch the EURCHF rate to gauge the involvement of the SNB at these levels - this could increase focus on the weekly sight deposits data from Switzerland at 0900GMT/0400ET, which have been creeping higher since mid-October.
  • Friday's EURCHF low sits at 1.0448, with markets in a holding pattern just below the 1.05 handle at typing.

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