AGL 40.35 Increased By ▲ 0.35 (0.88%)
AIRLINK 126.90 Decreased By ▼ -0.14 (-0.11%)
BOP 6.62 Decreased By ▼ -0.05 (-0.75%)
CNERGY 4.45 Decreased By ▼ -0.06 (-1.33%)
DCL 8.52 Decreased By ▼ -0.03 (-0.35%)
DFML 41.70 Increased By ▲ 0.26 (0.63%)
DGKC 86.79 Decreased By ▼ -0.06 (-0.07%)
FCCL 32.18 Decreased By ▼ -0.10 (-0.31%)
FFBL 64.87 Increased By ▲ 0.07 (0.11%)
FFL 10.17 Decreased By ▼ -0.08 (-0.78%)
HUBC 109.36 Decreased By ▼ -0.21 (-0.19%)
HUMNL 14.65 Decreased By ▼ -0.03 (-0.2%)
KEL 5.11 Increased By ▲ 0.06 (1.19%)
KOSM 7.40 Decreased By ▼ -0.06 (-0.8%)
MLCF 41.25 Decreased By ▼ -0.13 (-0.31%)
NBP 59.69 Decreased By ▼ -0.72 (-1.19%)
OGDC 194.47 Increased By ▲ 4.37 (2.3%)
PAEL 28.20 Increased By ▲ 0.37 (1.33%)
PIBTL 7.75 Decreased By ▼ -0.08 (-1.02%)
PPL 151.00 Increased By ▲ 0.94 (0.63%)
PRL 26.45 Decreased By ▼ -0.43 (-1.6%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 78.48 Decreased By ▼ -7.52 (-8.74%)
TELE 7.45 Decreased By ▼ -0.26 (-3.37%)
TOMCL 35.32 Decreased By ▼ -0.09 (-0.25%)
TPLP 8.24 Increased By ▲ 0.12 (1.48%)
TREET 15.96 Decreased By ▼ -0.45 (-2.74%)
TRG 52.63 Decreased By ▼ -0.66 (-1.24%)
UNITY 26.68 Increased By ▲ 0.52 (1.99%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,936 Increased By 52.8 (0.53%)
BR30 30,919 Increased By 319.2 (1.04%)
KSE100 93,840 Increased By 484.6 (0.52%)
KSE30 29,063 Increased By 132.1 (0.46%)

The Swiss franc pushed up against the dollar in early Thursday trading after the greenback bounced off lows Wednesday, bolstered by a spike in risk aversion which sparked a late US equities market sell off. The franc was up 0.2 percent against the dollar compared to the New York close, trading at 1.0264 francs per dollar. It was largely unmoved against the euro at 1.5129 per euro.
"For the franc-euro trade, the situation has changed little in last couple of weeks, the SNB is protecting downside on euro Swiss and preventing a stronger franc, while demand out of Eastern Europe is supporting the swissie," Karpowitz said. "The trade has moved sidewards over a couple of weeks, 1.51 is the level where the market expects at least verbal intervention from the SNB, and we dont expect to see the franc go much higher than that in the near term."

Copyright Reuters, 2009

Comments

Comments are closed.