We’re seeing major moves in USDCHF and EURCHF but it would explain why the BIS are on the offer on EURUSD as they’re often seen acting for the SNB.
With EURCHF ramping up to 1.2439 and USDCHF to 0.9561 it’s likely the SNB would be unloading a few euros
There continues to be much speculation that they will be introducing additonal measures to weaken the franc at their June 20 meeting and this latest round of USD bull sentiment is adding to the momentum
USDCHF currently 0.9550 . EURCHF 1.2426
