There is a strong expectation in the market that the SNB will raise it’s EUR/CHF peg on Thursday. The market is already positioned accordingly ie short of CHF, so we can expect volatility to ramp up in the CHF over the next few days.
There is a strong expectation in the market that the SNB will raise it’s EUR/CHF peg on Thursday. The market is already positioned accordingly ie short of CHF, so we can expect volatility to ramp up in the CHF over the next few days.
