USD/CHF chalked up a high of 0.9303 earlier and there’s plenty of talk doing the rounds about SNB’s decision on Thursday as to whether the EUR/CHF peg is raised or not.
Exporters continue to call for a move up to 1.2500 or 1.3000 as concerns of a pending mild recession and deflation worry business groups.
Latest sentiment apparently is that the SNB will leave rates and the peg unchanged at the Dec 15 meeting , with the view that a couple of negative quarters may not necessarily fire the SNB into further action., and that the Swiss franc is only slightly overvalued at current levels .
EUR/CHF sits around 1.2328 with USD /CHF at 0.9300
