Senior Swiss lawmaker: UBS-Credit Suisse merger is an enormous risk

Senior Swiss lawmaker warned on Monday that “the UBS-Credit Suisse merger is an enormous risk.”

“The newly merged bank is too big for Switzerland to handle,” the lawmaker noted.

AUD/USD: Further upside now targets 0.6780 – UOB

Extra gains could motivate AUD/USD to revisit the 0.6780 zone in the near term, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UO
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USD/JPY recovers a few pips from over a one-month low, finds some support near mid-130.00s

The USD/JPY pair retreats over 200 pips from the daily swing high and drops to its lowest level since February 10 during the first half of the Europea
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