Switzerland will resist this exchange rate shock – S&P

FXStreet (Mumbai) - After the Swiss National Bank's (SNB) shocker of scrapping the EUR/CHF peg last week, credit rating agency Standard & Poors (S&P) maintained that the Swiss economy still deserves AAA rating.

However, S&P warned that the strong appreciation of the Swiss franc against the euro could negatively affect Swiss exports over the next two to three years, but expected the country's economy to withstand any setbacks.

The rating agency said in a statement, "Still, we think Switzerland's strong economy and solid public finances will resist this exchange rate shock."

Jan 19, 2015

Bund stalls at the top of its channel at 158.03 – Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank, notes that Bunds have stalled at the top of its channel at 158.03, but only a close below the support at 157.01 region would alleviate the upside momentum.

Capitulation as EUR weakness intensifies – Rabobank

The Rabobank Team explains that EUR weakness has led to capitulation in the demand for the single currency with fund managers deviating from EUR holdings and now SNB scrapping off its CHF floor to curb an additional negative impact on its balance sheet.