Increase in Swissie floor still on the cards, say strategists
Efforts by the Swiss National Bank (SNB) to weaken the Swiss franc could be ramped up during the first quarter as the threat of deflation and the strength of the franc continue to weigh on the Swiss economy, according to strategists.
EUR/CHF was trading at 1.2173 on January 6, moderately above the 1.20 floor imposed by the SNB in September 2011. As speculation last week swirled around the financial dealings of Kashya Hildebrand, wife of SNB governing board chair Philipp Hildebrand, who used
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