Time for the Swiss National Bank to reveal their latest thoughts 15 June

Markets not expecting any fireworks or indeed change from Jordan & Co at 07.30 GMT but as always we should never say never.

Expect plenty of rhetoric re overvalued franc et al and negative rates still a key tool but no real shift at this time.

As ever though, trade the facts. Not long to find out now

USDCHF currently 0.9724 just off session highs as USD makes gains across the board. EURCHF 1.0875 just off session lows having failed above 1.0900

Just out May PPI:

  • mm -0.3% vs -0.1% exp vs -0.2% prev
  • yy 0.1% vs 0.2% exp vs 0.85 prev

Order boards:

USDCHF: 0.9730

Offers: 0.9730 0.9750 0.9780 0.9800

Bids: 0.9700 0.9680 0.9660 0.9630 0.9600

EURCHF: 1.0875

Offers: 1.0900-10 1.0930 1.0950

Bids: 1.0850 1.0830 1.0800 1.0780 1.0750