After days of brutal crackdown in Syria, the US has placed sanctions on Syria’s intelligence agency and two relatives of the Syrian president, but not on President Assad himself.
Wouldn’t want to do anything rash, now would we?
The Syrian situation is seen as a supportive factor for the CHF, along with dwindling concerns over franc strength from the SNB…Throw in just a smidge of dollar weakness, and you have a prescription for record lows in USD/CHF…