Looks like nothing more than a short squeeze after the Far east triggered a stop sell fest down through 1.2300 and through 0.8900 in USD/CHF. |
I ‘ve asked around and there has been some buying in the swaps from a German name and this has led punters to believe SNB could be behind it.
EUR/CHF back at 1.2300 now and USD/CHFis up at 0.8926
