One of the first things I check on my Blackberry every morning is EUR/CHF. It is in the danger zone at 1.2033 — the lowest since the day the peg was announced. Nothing in the newsflow today to suggest a run at 1.2000 but it’s early. S&P futures 10.6 above fair value. US retail sales at the bottom of the hour. Core and headline both expected up 0.2%.