The Swiss franc is strong once again today after a brief respite on Tuesday.
The pair spilled 15 pips lower in the past hour to 1.2060, which is an area of rumored interest from the Swiss National Bank.
Talk of ECB QE is sparking flows into Switzerland. The thinking is that with the ECB printing and fighting worse deflation than Switzerland, it would justify a sub-1.20 floor and the SNB will be forced to revalue.
