Swiss Franc Strengthens as SNB Expresses Hawkish Stance on Monetary Policy

The Swiss franc might start looking more bullish if the SNB keeps up the hawkish rhetoric. SNB President Jordan is suggesting monetary policy is not tight enough. Many traders, like ANZ are eying strategies that short EUR/CHF on any spike towards the 0.99 level.
Friday’s German industrial production and if economic gloom becomes the dominant theme for the eurozone.