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Some unwind in the CHF

EUR
  • The Swissy continues to pare some of Yesterday losses, post the surprised SNB cut Yesterday morning.
  • EURCHF would need a test back down to 0.96829 to trade at pre SNB level, now at 0.9710, and looking to drifts towards 0.9700.
  • Worst performer in G10 against the CHF, is the Aussie, but that cross had already fully reversed the post SNB losses, as the AUD took its cue from the fall in the Yuan overnight.

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