Not sure of the source of the rumor but we hear that the SNB has deployed $15 bln thus far in its efforts to drive down the Swiss franc versus the euro and dollar An SNB spokesman says they may purchase bonds and covered bonds from banks. If they buy any EUR-denominated debt, they’ve got the FX side covered…
USD/CHF is consolidating gains at 1.1935 and 1.5215 in EUR/CHF.
