With the EUR/USD cascade continuing the 1.05 level has been pierced in EUR/CHF.
1.05/1.10 had been discussed quite a bit this week (though, not by everyone) as the new SNB desired ‘corridor’ for the EUR/CHF … though nothing official from the Swiss National Bank as yet.
Did I mention the thinness of liquidity in the markets at this time of day … oh, yeah, I did.
Anyway, EUR/CHF:
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And, of course, its not just EUR/CHF being pounded … all the EUR crosses are off as the EUR/USD tumbles.
