EUR/USD skates on thin ice near 1.0600 as Credit Suisse upset prods ECB hawks

ting. However, the major currency pair remains mostly sidelined in the last few hours as traders doubt the hawkish concerns about the old continent’s central bank after the Credit Suisse crisis.

It should be noted that the Saudi National Bank’s rejection of infusing more funds into Credit Suisse propelled the key European bank’s Credit Default Swaps and triggered the crisis for the financial markets on Wednesday. Further amplifying the sour sentiment was the news thatofficials contacted banks to ask about exposures to Credit Suisse.

Amid these plays, the S&P 500 Futures rise 0.40% intraday to reverse the previous day’s losses around 3,940 whereas the US 10-year Treasury bond yields stabilize around 3.48% after falling the most in four months on Wednesday. That said, the two-year Treasury bond coupons also pause the further downside around 3.94%, after falling to the lowest levels since September 2022.

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