Swissy remains under the weather with the EUR/CHF cross presently up at 1.4735 compared to a close in Europe Tuesday around 1.4710.
The weakness comes despite the general safe haven flows seen in the wake of the weaker than expected Chinese trade data, and is evidence of the caution surrounding tomorrows SNB rate decision.
The Swiss central bank is widely expected to trim rates 25 bps., but it isn’t the prospect of a rate cut that is elliciting caution, rather its what they may say regarding quantitative easing/intervention.
