The general tone of the session Monday was in the direction of further weakening of the dollar, but more remarkable is what the currency ultimately benefited from this: mainly, the Swiss franc and Australian dollar. As a rule, these two do not come close in terms of weakening the dollar, so this event itself is of interest to the current market sentiment. Ossie was delighted to overcome the recent weakness, which arose partly because of the economic situation related to floods. Strengthening Suisse, apparently occurred against the backdrop of a less favorable attitude to risk in the markets, as well as to reduce Asian demand for euros. Scandinavian currencies and the euro ahead of the kiwi against the U.S. dollar during today's session.Break below 1.30 for the pair EUR / CHF to noon originally was not sustainable, but it came later during the European session. The Swiss authorities have become a bit more concerned, at least rhetorically, to the level of the Swiss franc. Nevertheless, the probability of intervention is currently still very low, and there is a high probability of sustained movement below the level of 1.20.
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