USD/CHF has shot higher, presently at 1.0855 as talk circulates that the SNB is intervening directly in USD/CHF (been as high as 1.0907). EUR/CHF has continued higher, presently at 1.5230 (been as high as 1.5286)
Not surprisingly SNB declines to comment. Looks like they mean business. As one of our readers recently said (don’t mess with the swiss!!) Was that you saferanger?
The move in USD/CHF has spooked EUR/USD and cable which are both trading lower, presently at 1.4015 and 1.6520 respectively.
