Raiffeisen: No signs of SNB activity in EUR/CHF yet

Analysts at Raiffeisen say there are no signs of SNB activity in the EUR/CHF so far. They think that the bank will not intervene until 1.2020, should the pair reach that level. In their opinion, the SNB has a lot of credibility and has no reason to act yet.

There were rumors of large SNB bids between 1.2050 and 1.2060 earlier this week…the market has bounced off 1.2050, but the market remains in risk-off mood, so we could see another test very soon.

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