A story/rumour did the rounds just after the European close that the Swiss government is considering adopting a negative interest rate policy. This rumour was followed by the weekly appearance of the ‘raising peg to 1.25′ rumour. EUR/CHF galloped 1% higher, almost touching 1.2400, but it has now settled back mid-range.

No sign of any such activity in today’s session, with absolutely nothing happening so far.