Swiss same as Yen Today – USDCHF ebbed back to the mid 0.96s after yesterday logging a six-week high at 0.9593. This continues a choppy phase in USDCHF trading. The SNB meets in amid in a while widespread expectations for unchanged policy, while the statement will almost certainly reaffirm commitment to ultra-accommodative policy settings. SNB boss, Jordan, signaled last week that the central bank remains fully committed to its ultra-accommodative monetary policy settings, saying that he and his colleagues did not know if recent franc weakness, which is desirable from their perspective, would sustain.
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