As the greenback rallied on active cross-selling in Swiss franc in reaction to the rumors of possible action by SNB, reviving our bullishness and the breach of 1.0564 resistance signals the rise from 1.0394 low remains in progress, should bring retracement of recent decline to minor resistance at 1.0618, then

Read more here:
Trade Idea Update: USD/CHF – Buy at 1.0530

Swiss franc surged against the euro and the dollar by -7.22% and -6.37% respectively in June with the rallies accelerated after SNB’s meeting on June 17. The central bank raised its inflation forecasts and stated that the deflationary risk in Switzerland has largely disappeared. At the same time, the SNB

Read more here: 
SNB to Resume Intervention Soon

Swiss Franc is mildly lower today after consumer inflation report. CPI in June dropped -0.4% mom, rose 0.5% yoy versus consensus of -0.1% mom, 1.0% yoy. Recent strength in Swiss Franc was driven by SNB’s message of disappearing deflation risk, which led to exit of intervention.

Read more here: 
Mid-Day Report: Swiss Franc Lower on Weak CPI, Dollar Soft on Risk Appetite