We’re just knocking back towards 1.2050 from 1.2067 over the last hour or so despite the upcoming peace deal in Ukraine. Again it’s a clue that there’s not much in the safety trade as the euro in general is pushing up slightly against the dollar and yen.
It’s still all minute stuff, 10 pips here, 15 pips there and I guess I’m just looking for signs as to who is driving the price and whether there is someone who has it in their mind to take on the SNB.
And as I type, there’s a headline on BBG that SNB’s Danthine is to retire in mid-2015. That may be a reason behind the moves just now
EUR/CHF 15m 05 09 2014
