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EURCHF Tumbling, Prints Fresh All Time Low Of 1.1914, Commodities Plunge (Update: Scratch That, New Low Is 1.1875)

Update: Timber: Wonder what is happening with Greek deposits? Nothing good, at least nothing good for Greek banks. And it is not just Greece: all of Europe is scrambling into the relative security of Switzerland where the EURCHF just hit a fresh all time low of 1.1915, and likely to drop much lower. And the ongoing selloff so needed for QE3 continues.
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Wondering How Big Greek Deposits Outflows Are? Just Follow The EURCHF

Business & Finance : Zero Hedge (3 years ago)

In the past we have repeatedly observed that in order to get an instantaneous appreciation of which direction all too critical Greek bank deposits held by the public are headed (hint: out), instead of waiting for delayed NBG data, o... Read Post

Swissy Plummets On Rumor Swiss Banks To Charge For CHF Deposits

Business & Finance : Zero Hedge (3 years ago)

As the stock market whipsaws continue, nothing compares to what is happening in the various Swiss Franc pairs, as both majors USDCHF and EURCHF have soared (the Franc has plunged) following rumors that UBS (and possibly more banks) ... Read Post

Europe Scrambles For Swiss Safety As EURCHF Plummets At Open To All Time Lows

Business & Finance : Zero Hedge (3 years ago)

Someone is very, very nervous in Europe as it took precisely zero time for the various CHF crosses to plunge to all time lows. The chart below shows the EURCHF which just opened about 140 pips lower than the Friday close. And while ... Read Post


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