USD/CHF presently at 1.1865 has hardly budged on the day against a backdrop of USD weakness elsewhere, this reflecting swissy’s own underlying weakness at the present time. Fear of further SNB intervention remains palpable, limiting the downside for USD/CHF and particularly the EUR/CHF cross. The generally better risk sentiment will also be eroding swissys’ safe haven premium. EUR/CHF sits presently at 1.5380, with still much talk of a short-term move to 1.5500 area.