Forex Market Update: Swiss Franc Crosses Mixed, USD/CHF Advance Stalls Ahead of 1.10

[B]CHF traded within a familiar range[/B][B].[/B] EUR/CHF traded between 1.5150 and 1.5200 after USD/CHF gave back Mondays European morning gains. USD/CHF was unable to breach 1.1000 and reverted back to 1.0873 lows, which undermined interest for EUR/CHF. Some of the other CHF crosses have continued to perform well though, which is indicative of leverage account activity. GBP/CHF extended Monday’s rebound and traded up to 1.7605 and AUD/CHF held steady at 0.8650. Movement via the CHF has been limited due to the volatility via the dollar and the euro and this is likely to see the focus on other currency pairs. Option expiries of note today are seen via EUR/CHF at 1.5075 and 1.5100, but look unlikely to influence in quiet trade.

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