Euro / Franc bravely stood up to historic lows

 The euro / franc to a fresh historic lows near Shf1.4140 made SNB, which has long remained on the sidelines, to enter the market to curb the increasingly growing domestic currency. Dealers noted that the message that the central bank to intervene provoked panic liquidation of open short positions earlier, resulting in the euro / franc soared to Chf1.4409. To date, the couple has adjusted sharply lower and holding near Chf1.4320, but dealers note that while the above Chf1.44 were marked selling by some big names, they were not too large, and the current aggressive movement of the euro due to a significant reduced liquidity in the market.