The FT has their latest on EUR/CHF. There is some talk that the SNB could lighten up on some of the massive reserves accumulated to defend 1.20.
“Anyone who has bought a cup of coffee in Switzerland knows that the Swiss franc is grossly overvalued,” said Stephen Jen, head of SLJ Macro Partners, the currency hedge fund. “The long-term fair value for the franc is closer to SFr1.35-1.40.”
