Just been liaising with a chum who knows a thing or two about forex.

And here’s what he had to say regarding SNB and intervention

  • SNB was spotted buying USD/CHF at .9960 on EBS
  • Talk interest still lined up now just below 1.0000
  • SNB also seen buying EUR/CHF on EBS, level/s not forthcoming
  • Not large amounts in either case
  • No reports of SNB calling banks direct