Friday, May 14, 2010
EURCHF has gone nowhere since I blogged about it yesterday. I tried a long at 1.4008 and that's just about where it's sitting 24 hours later. We now all know that the French Finance Minister wasn't up for the attack on the Euro (see quote from earlier this week) so now the question is has the Swiss National Bank thrown in the towel as well and given up on intervention? No doubt, we'll get an answer soon.