News Headline Summary

Market talk that UBS could follow Credit Suisse and impose negative interest rates on CHF holdings as of December 12th

‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Update details:

- As a reminder the SNB rate decision is this Thursday so talk of this nature is not unexpected given the recent move by Credit Suisse to place negative deposit rates on large accounts.

Reaction details:

- EUR/CHF has been ticking higher in recent trade, now testing the 1.2100 level to the upside.

Print 07:15, 11 Dec 2012 - FX Flows - Source: RANsquawk