Swissie strengthens on intervention rumors

Written March 10, 2010 at 6:45 AM EST by  

The Chf has strengthened versus the Usd and Eur as intervention rumors swirl about the market. BIS spokeswoman Critchlow shot down rumors by stating she was “not aware” of any franc intervention.

Usd/Chf and Eur/Chf have made new session lows since the statement by Critchlow at 1.0736 and 1.4610 respectively. Eur/Chf has recouped about 10 points from earlier low as Usd/Chf continues to look offered, possibly on recent Usd weakness.

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