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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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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

Dow Futures Plunge 425 Points From Friday Highs; Greek Stocks/Bonds Plunging, Crude $44 Handle

Business & Finance : Zero Hedge (5 hours ago)

Well that escalated quickly. While this morning's weakness in stocks is being pegged to earnings misses (and rightly so), the selling pressure started as Europe opened and Greek stocks and bonds accelerated their freefall. Greek sto... Read Post

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

Business & Finance : Zero Hedge (4 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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