00:41 USD/CHF: Small Bounce After Stops Below 1.0965 Triggered Sydney, February 15: Small stops have been triggered below 1.0965 in early Asia and there are more below 1.0950 and larger ones below 1.0925. The USD/CHF came down precipitously yesterday during the European and Asian sessions despite poor Swiss ZEW and news that UBS held more than 10 BLN USD in risky debt. Traders say that the USD/CHF move lower was due to a large EUR/CHF selling flow from a Swiss bank that caught the market very long in the EUR/CHF and USD/CHF. The USD/CHF trades 1.0970/75.
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