Following on from recent reports of SNB adding liquidity in the swap market, the move higher hasn’t been dramatic with a recent high of 1.1353.
Offers 0.7880/00 in USD/CHF, and 1.1345/55 EUR/CHF currently capping the moves higher
SNB not immediately avaialble to comment on talk it has been active in CHf 1 month forwards
Work in progress i guess…
Heard it was was Middle eastern offers in the dollar swiss earlier which may still be ongoing.
