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The Swiss Franc Is Getting Crushed

The early bid for Swiss Francs following the Greek election results has turned into a bloodbath of outflows as EURCHF has swung a huge 230 pips overnight with Swissy now at its weakest to the Euro since before QECB leaks last Wednesday... One wonders if the SNB is back in the game?

 

Is the SNB back in the game?

 

While Spot FX is unch from midweek, the yield curve remains drastically lower...