The Swiss franc has continued its volatility … but I suppose it depends how you define volatile. If you looked at the movement in the CHF in comparison to how it normally moves during this timezone you’d sat it was nuts today. However, if you looked at in the context of movement on Thursday and Friday last week (especially Thursday) you’d be excused for thinking it’s a calm sort of day. We’re up around a big figure from earlier lows … be shocked, or just yawn, depending on your perspective.
EUR/CHF, meanwhile, has poked its head back above parity:
I expect this sort of choppy trading to continue (I am a genius, ain’t I?) …. Meanwhile UBS forecasts a slowly rising EUR/CHF over the coming 12 months
