SNB stops chasing; now camping out at 1.4220

19/05/2010 | 15:21 GMT

After ripping EUR/CHF as high as 1.4300 (wasn’t that area an old “line in the sand”?) the SNB has stopped chasing but has set up camp at the 1.4220 level. Gotta give them points for persistence. We trade now at 1.4240.

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