Reuters did the ring-around to the central banks on talk of intervention in EUR/CHF and got the standard “no comment” from the SNB, BIS, and ECB.
The cross is up more that 1.25 centimes at 1.5135 at the moment. Actions, my friends, speak louder than words.
Not much to get excited about until we get above the 1.5250 level. We’ve been stuck between 1.50 and 1.5250 since early April.
