USD CHF Uncharacteristically Volatile at Mid-Session

The USD CHF is seeing uncharacteristic volatile trading today. Early inthe trading session, traders were selling Swiss Franc’s because ofconcerns over the U.S. banking system. Later in the session the SwissFranc gained on the better than expected ADP employment report.

The USD CHF is seeing uncharacteristic volatile trading today. Early in the trading session, traders were selling Swiss Franc’s because of concerns over the U.S. banking system. Later in the session the Swiss Franc gained on the better than expected ADP employment report.

Trading could continue to be volatile as traders express uncertainty over the release of tomorrow’s bank stress test results and Friday’s U.S. Unemployment Report. Thin conditions are also contributing to the fluctuations as some of the larger traders have decided to stand aside until the U.S. economic picture becomes clearer