SNB board member quoted in interview with Swiss daily newspaper Corriere del Ticino

  • says the 1.20 EURCHF cap has spared Switzerland the worst of the Eurozone crisis

Now the level is 1.2300 the situation still needs to be monitored but the tension has eased. The minimum level will stay in place as long as necessary

Nothing new here but has added to current CHF weakness

USDCHF still firm at 0.9340

EURCHF on session highs of 1.2392