Traders report hearing a pair of interest rate rumors making the rounds. On is that the SNB is preparing to raise rates (which likely goes back to that earlier report of the SNB being able to tolerate EUR/CHF down to 1.4000). The other is that regional Fed presidents are pushing for another discount rate hike…we’ve been over that one…It won’t matter when they do.
EUR/USD has fallen as low as 1.3552 and trades now at 1.3565.
