EUR/CHF

The Swiss headline print was 3.3% YoY vs an expectation of 2.9% YoY

Technical break out points to more upside potential for EUR/CHF

..especially against currencies where the central bank is deemed to be slightly more dovish than the ECB

The SNB hiked rates by 75bps today. However, the inconspicuous comments by the central bank left EUR/CHF weary as to if there are more to come.

The PBOC lifted China’s equity markets and commodity FX pairs with another round of easing, aimed at supporting their flailing property market.

The SNB has already given warnings that it could take monetary policy action between meetings if necessary.

Sharp acceleration in Spanish inflation hit equities and sends EUR/CHF on brink of parity

It is all about whether the ECB will follow other central banks in signalling a 50-basis point hike, or a more standard 25 for July.