Swiss Franc Plunges To One-Year Lows Amid SNB Intervention Chatter

With the biggest drop in 3 months, EUR/CHF has broken above last September's highs, plunging below 1.06.

With the biggest drop in 3 months, EUR/CHF has broken above last September's highs, plunging below 1.06. Amid chatter of SNB intervention, this is the weakest Swissy has been since the removal of the ceiling a year ago.

EUR/CHF reached  1.10592...

 

The weakest since the Swiss National Bank unexpectedly removed its 1.20 vs EUR ceiling on Jan. 15, 2015

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