From the FXWW Chatroom:
For those just returning after Christmas – there has been a bit of a stewards enquiry as to what exactly happened to EURCHF on Xmas day… there are several suggestions that we traded sub 1.2000 thru the SNB cap – not having seen the price action myself I can’t provide a definitive answer, however SNB has said:
“The minimum exchange rate was not breached at any time. ”
“The exchange rates cited in media are non-binding price indications which banks can offer their clients. The data in no way illustrates that transactions were conducted above 1.20 in the interbank market”
(ie below 1.2000 in EURCHF)
The post EUR/CHF: Update on Christmas Day price action appeared first on www.forextell.com.