March 26, 2010
After it looked like the Swissy was going to make a comeback, it lost track and ended up once again on the losing side versus the dollar. The USDCHF closed slightly higher at 1.0743.
The franc has been getting caught up in all the hoopla surrounding the euro zone. Remember, the franc and the euro are highly correlated – thus, whenever the euro is plagued by any problems, it also affects franc trading. With the EU summit coming to an end today, will we see the spill over effect continue today?
"The only cable I watch is the pound baby."