EUR/CHF gets a breather on the German ruling says Sarasin and the constitutional body's conditional approval of the euro-zone new rescue fund should provide support for the pair going forward, says Sarasin. "If the German court hadn't approved the fund, we could have seen a drop in EUR/CHF, which could have necessitated Swiss central bank intervention to support the CHF1.20-per-euro level," says strategist Ursina Kubli. EUR/CHF last at 1.2091.
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