(Action Economics) - 23-Feb-12 10:08 - EUR-CHF threatened levels under 1.2050 after USD-CHF fell to 0.9032 after stops gave way below 0.9060.

However, follow through in the cross was limited by French and Swiss working corporate related interest.

Speculative names continue to buy dips, with SNB expected to defend EUR-CHF at 1.2000, though there has been no sustained period of higher levels of late.

Sellers capped from 1.2070 earlier after it started the session adrift of recent highs around 1.2080-85.

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