The BIS was able to cap EUR/USD at 1.4280 earlier in the session so dealers are taking note that they’ve been buying some USD/CHF on dips today. EUR/CHF is at session highs, toward the top-end of its recent narrow trading range. The Swiss National Bank has very publicly vowed to keep the strong Swiss franc from crippling the tiny Alpine economy.
EUR/CHF trades at 1.5172, USD/CHF at 1.0834
