Bloomberg on a de facto Swiss franc limit according to Bank of America Corp. and the asset-management unit of UBS Group AG.
- At EUR/CHF 1.08
- "There's no suggestion from the SNB themselves that they've set a floor," said Kamal Sharma, director of Group-of-10 currency strategy at Bank of America in London. "But we look at the price action, we look at the charts, and we say that 1.08 has been a level which the Swiss franc hasn't been able to strengthen beyond."
