EUR/CHF remains bid. Roth comments noted

EUR/CHF remains bid, presently at 1.5415. Comments made by SNB head Roth in the Financial Times have been duly noted. The official states “We have clearly shown what our commitment is and the market has reacted accordingly” adding “we have a clear strategy…if the market comes back to the situaion presented.”

There remains a feeling SNB will draw a line in the sand down around 1.5180/1.5200. Downside for cross as a result pretty limited. Still much talk of an early test of 1.5500.