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EUR/CHF capped by 1.2300 as Syrian conflict looms

FXstreet.com (Athens): The EUR/CHF is confined at the 1.2882-1.2888 area in the Wednesday’s European trading session as investors have become jittery, and therefore the EUR/CHF slides.

The ultimate ‘safe-haven’ currency, the ‘Swissie’ (apart from the Japanese yen), gains solid ground against the single currency, as risk aversion mood prevails across the board amidst Syria’s jitters. Iran and Russia have been making various warnings against the US intervening or attacking Syria, but Syria scare seems to be priced in for the moment. Furthermore, Merkel’s Party Ally Wellmann says, ‘it is time for a surgical strike on Syria’, boosting ‘risk-aversion’ all over …read more