EUR/CHF sits at 1.5060 presently, having closed out in North America Tuesday around 1.5030.
The weakness in swissy isn’t too surprising. General risk sentiment is improving and this will be eroding the currency’s recent safe haven gains. Also it goes without saying, that there are fears the SNB will possibly intervene to sell their currency on an move to/through 1.5000.
Also recent swissy data stands in stark relief to the slight improvements being seen elsewhere. This morning saw the release of the Swiss April KOF leading indicator. The indicator which points to the economy’s likely performance in six months time fell to -1.86 from -1.65 in March, a new record low.