News Headline Summary

UBS (UBSN VX) has sent a swift note to clients on deposit rate and to introduce fees as of December 21st

- Fees apply for credit balances by financial institutions.

Update details:

- This confirms the earlier market talk that saw the CHF weaken in early trade.

Reaction details:

- EUR/CHF has continued its move higher, now firmly through the 1.2100 level to print session highs at 1.2110 (31 pips).
- There has also been talk that a German bank has been a noted buyer on the move.

‘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.

Print 07:23, 11 Dec 2012 - FX Flows - Source: Newswires