Explosion Reported in Moscow's Busiest Airport Prompts CHF Buying

In a development that hurts investor confidence and will undermine
confidence in Russia, it seems that a terrorist suicide bomber
exploded himself in the baggage claim area of the main Moscow airport.
From the NYTimes: Deadly Blast Strikes in Moscow's Main Airport
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"An explosion rocked an international terminal of Moscow's busiest
airport on Monday afternoon. There were conflicting reports on the
number of dead and injured, but the toll appeared to be rising
rapidly. The authorities were seeking to determine the cause.

Russia's Interfax Agency initially reported that the blast in the
airport, Domodedovo, killed as many as 10 and left many more injured.
Russia's Investigative Committee said there were at least 20
casualties, without differentiating between injured and dead. The
Health Ministry reported that 31 people had been killed and 130
injured, according to Ria Novosti."
The news caused some risk-aversion flows into the Swiss Franc, which
staged strong gains against the US Dollar, the Pound, and the Euro.
As we can see in Today's FXTimes Technical Update on the GBP/CHF,
there is a chance for a downward move in this pair, and today'd action
helps move us further along in this scenario.
We have to see if there will be any follow-up to this news development
in the currency markets.
Source: ActionForex.Com