Woes, to the extent that the strong franc impairs the Swiss economy…

Generally speaking when we have rising tensions between a former super-power (Russia) and a present super power (the US) , the franc benefits, given traditional Swiss neutrality.

Russia is clearly taking advantage of the perceived weakness of the present White House occupant by sending helicopter gunships to Syria amidst the government crackdown in that strategic locale in contravention of UN sanctions.

EUR/CHF holds above 1.2000 with plenty of help from the SNB, protecting the 1.2000 peg and literally billions of stop-loss sell orders in the 1.1985/95 area.