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Keep eye on EUR/CHF this week - Societe Generale

FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Research at Societe Generale believes that one key cross to watch this week is EUR/CHF, as the market probes the downside ahead of the November 30 SNB gold referendum.

Key Quotes

"A decision that the SNB should increase gold reserves is widely expected to trigger at least a temporary break of the EUR/CHF 1.20 floor."

"Whether that is true or not (the SNB is likely to fight such a move pretty aggressively), we may see the central bank forced to intervene as early as this week."

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