Swiss names have been the main buyers this morning, with the EUR/CHF up almost 40 pips since Europe opened.
SNB Vice chairman’s comments that the SNB was prepared to take further action, but wouldn’t yield to pressure from external organizations, has helped underpin the cross and led to further speculaion that a hike in the EUR/CHF cap to 1.2500 or 1.3000 is possible.
EUR/CHF sits at 1.2412
