The Swiss franc saw a bullish spike against the greenback and the European single currency in early Asian trade. USD/CHF opened the session at 0.8870 and, after very little uptick, dipped nearly 100 pips to fresh 3-day lows into the 0.8775 price zone where it met with heavy buying interest, quickly sending the pair back to opening prices. Simultaneously, EUR/CHF dipped over 100 pips to 1.2040, down from 1.2155, before recovering. On Tuesday, EUR/CHF jumped 140 pips on rumors of a higher SNB peg to 1.2500, and this recent Swissy price action may be a reflection of the SNB’s failure to comment. “The market has launched ... (full story)