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Feb 26, 2013
Forex Flash: EUR in focus after Italian stalemate – UBS
Counting seems to have concluded in Italy's general election, however a victor has yet to be formally declared. Nevertheless the contours of the new political landscape are plain to see. Bersani seems to have won control of the lower house taking 29.54% of the vote, narrowly beating Berlusconi into second place with 29.18% of the vote.
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Feb 26, 2013
Forex: USD/CHF back to 0.9300 area
Based on concerns over Italy, the USD/CHF moved back to the 0.9300 area, printing a high at 0.9339. The pair is again trying to breach resistance.
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