Both EURCHF and USDCHF are under the cosh
No idea what's going on there but USDCHF has lost a quick 40 odd pips and so has EURCHF
On the other side EURUSD and GBPUSD have both nudged higher. I'm not seeing anything specific behind the moves. The fact that yen pairs aren't doing anything suggests that its nothing geo-news based so more probably some flows going through.
We had news out from Credit Suisse earlier where their CEO said that their Q1 loss was mainly led by traders increasing holdings of distressed debt and other illiquid positions without the knowledge of senior management. That type of news would probably sink the Swissy not raise it but we live in strange times.
