- Stronger franc and extraordinary challenge for some
- Appreciated at faster pace in recent months
- EUR/CHF showing “volatility”
- CHF appreciated significantly in 2010
The volatility is going Monsieur Jordan’s way today as the franc weakens in the wake of the Portuguese auction and on signs of a bigger European rescue package to come.
EUR/CHF is now at 1.2730; The SNB was a rumored buyer below 1.2600 this morning…
