Oh yes good people, it's the market's fave central bank and head honcho ( or is the Fed/Yellen on your target list now after last night?) up to the plate at 08.30 GMT
There has been plenty of talk lately of "unofficial" target rates for EURCHF between 1.05-1.10 that's been reported here by me and others including the possible introduction of a basket-style way of keeping tabs on excessive CHF demand
Or will we be getting a further cut in interest rates ? Or indeed, not a lot except much jawboning rhetoric
Eamonn had this preview earlier
No specific target CHF cap/basket but interest rate cuts should be fairly neutral albeit probably causing knee jerk CHF selling
After the SNB's behaviour this year so far it would be foolish to second-guess/anticipate what they might come up with but they certainly have some credibility to recover as far as the market is concerned
Trade what you see
SNB presser available here but not in English
USDCHF currently 0.9945 EURCHF 1.0624
