Fitch: Greece to default but stay in Euro zone... All kidding aside, this is what the market expects…
EUR/USD is well off earlier highs on the talk of a ratcheting up of the Swiss peg. The move coincided with large EUR/CHF buying from a bank with a big P&L hole to fill, so take it with a large grain of salt.
EUR/USD now at 1.3716, EUR/CHF at 1.2145.
Bloomberg reports that the SNB declines comment on CHF movement.
