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With the SNB able to defend the CHF 1.20 floor on the euro while actually lowering the share of...

With the SNB able to defend the CHF 1.20 floor on the euro while actually lowering the share of euros in its reserves, might now be the perfect time to hike the floor even higher? Last year's capping of franc strength may have kept the Swiss economy from a severe contraction, but the swissie remains historically high vs. the euro, and GDP growth has yet to take shape. FXF -5.2% Y/Y.
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