EURCHF: will the SNB defend the 1.20 peg?

Since the Swiss National Bank (SNB) imposed its peg in EUR/CHF, this cross has only traded below 1.20 a handful of times, and each time it has bounced off this important level of support. In the three years that the peg has been in place, the market hasn’t tested the SNB’s resolve with any gusto….

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EURCHF: will the SNB defend the 1.20 peg?

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