There has been no clear direction in the main currencies so far today. The euro clawed out new highs against the dollar and yen, among other currencies, before retreating. EUR-CHF was on the move again, rising above 1.1000 for the first time since the SNB abandoned its limit on the franc in January. A generally firmer euro and a steadier tone in global stock markets has been conducive of franc declines in recent sessions, while deeply negative Swiss deposit rates has been driving a steady drip feed of yield-searching fund outflows.
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