Eur/chf Floor Will Hold in the Short Run

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Eur/chf Floor Will Hold in the Short Run

Quotes from Standard Chartered:
-We remain confident that the EUR/CHF floor will hold in the short run. Even if the SNB is having internal doubts about whether it should be maintained (and there is no evidence whatsoever that that is the case) now is not the moment to abandon it. We feel the reserves data should be viewed as confirmation of something the market already thought, but in no way change the underlying situation.

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