EUR/CHF quickly a half-cent higher
The SNB showed it wasn't bluffing about intervention when it entered the market on Monday. They may have just come back for a second helping as EUR/CHF jumped to 1.0490 from 1.0440.
There are no signs yet that it was the SNB this time and with the pair already higher on the day, there wouldn't have been any urgency to intervene. It could simply be a case of the market being a bit more jumpy after Jordan & Co proved they were willing to spend some money to boost EUR/CHF.
