U.S. Dollar Higher Against Swiss Franc
The U.S. Dollar is slightly higher against the Swiss Franc (USD/CHF), trading at 98.75 up 0.0025. The Swiss National Bank's (SNB) desire to cap the Swiss Franc strength may show itself into early next year.
The 2012 and 2013 spring summer highs are nearby and any real move passed that could open up a door where the Dollar Swiss will get back to levels seen just prior to the financial crisis in 2007.
While no help from U.S. Federal Reserve is expected anytime soon with higher rates, the SNB is unlikely to be brushed aside from doing what it has set out to do and that is weaken its currency.
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