20100724 - EURPLN, CHFPLN

The EURPLN does not show much of a change as we are still in 4.00-4.20 area:

The CHFPLN is still hovering near 3.00:

There is not much to say as the rates are hovering near their psychological levels.
Nevertheless, we shall observe markets closely now.

Only 7 of 91 tested banks in EU failed recent stress tests (here or here). Five of those were Spanish banks.

Sources:
[http://news.yahoo.com/s/ap/20100723/ap_on_bi_ge/eu_europe_stress_tests]
[http://www.bloomberg.com/news/2010-07-23/seven-of-91-eu-banks-fail-stress-test-face-4-5-billion-capital-shortfall.html]