Latest data just out

  • prev revised up from +1.4%
  • total sight deposits w/e 19 Feb CHF 476.2bln vs 473.4bln prev
  • domestic sight deposits CHF 411.6bln vs 409.2bln

Increase in sight depos adds to SNB smoothing evidence.

USDCHF 0.9925 just off session highs as EURUSD dips and EURCHF finds support into 1.1000 again.