Is the SNB front running the ECB again?


Swiss pairs leap after Eurozone data

It’s an easy finger to point but when moves stick out like a sore thumb you can but wonder.

EURCHF has shot up to 1.0920 from around 1.0860, and USDCHF to 1.0317 from 1.0250 odd.

GBPCHF is also up around 70 pips. This is all happening as cable and EURUSD tumble, which would usually be a drag on those crosses, unless someone was targeting a one half of the currency within them…

EURCHF & USD CHF 15m charts

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