EUR/CHF rises 0.1% to a two-week high of 1.1526 on Tuesday, according to Factset, as investors shrug off risks relating to the possibility of Catalan independence while concerns about the German election result diminish, Morgan Stanley says. It notes that German Chancellor Angela Merkel's CDU and CSU sister party have agreed on immigration policies and talks on forming a coalition with the FDP and the Greens are due to start next week. Morgan Stanley adds that EUR/CHF "should break higher with Spanish-Catalan tension de-escalating." Catalan President Carles Puigdemont is due to speak later on Tuesday and is expected to reveal his position on Catalonia's independence. EUR/CHF last up 0.1% at 1.1517
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Tuesday, October 10, 2017
EUR/CHF rises 0.1% to a two-week high
EUR/CHF rises 0.1% to a two-week high of 1.1526 on Tuesday, according to Factset, as investors shrug off risks relating to the possibility of Catalan independence while concerns about the German election result diminish, Morgan Stanley says. It notes that German Chancellor Angela Merkel's CDU and CSU sister party have agreed on immigration policies and talks on forming a coalition with the FDP and the Greens are due to start next week. Morgan Stanley adds that EUR/CHF "should break higher with Spanish-Catalan tension de-escalating." Catalan President Carles Puigdemont is due to speak later on Tuesday and is expected to reveal his position on Catalonia's independence. EUR/CHF last up 0.1% at 1.1517
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