Swiss franc surge tests SNB resolve
The Swiss National Bank (SNB) is expected to hold the EUR/CHF floor at 1.20, despite increased speculation that more hefty intervention might be needed as a result of the recent strengthening of the franc.
Having remained well above 1.20 since the SNB imposed the currency floor in early September, EUR/CHF has fallen steadily since mid-December and was trading as low as 1.20319 on February 1, according to data from Thomson Reuters. This was the franc's strongest level against the euro since
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