CHF up 1% today - biggest upward mover against USD among G10 - despite their central banker said they will continue intervening in the currency market to prevent further appreciation of CHF. They seem to be scared shietless that Swiss economy is in tolilet, and seem more eager than US or Europe to provide whatever assistance need to get things humming. The SNB says they have no plans to alter its policy of intervening to prevent any appreciation of the Swiss franc, providing generous liquidity to the banking sector and purchasing corporate and covered bonds.
Getting smacked on my short on CHF. Thankfully long NOK and JPY, short GBP and NZD doing well.
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