As the market moved to hedge their bets just before the Fed meeting next week, the Swiss franc did not move dramatically forward, but won against those high currencies dominated by longs against the dollar. A more consistent approach to the QE, above all, should be less in the style of "shock and awe" that could ease the pressure on the CHF and reduce the currency, which would help the Swiss authorities. At the moment it works on EUR / CHF, which was prodavlen level of 1.35, indicating a 6% decline against the euro since the beginning of September. Concerns related to the intervention of SNB, still affect the background level.
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