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CHF has been strengthening from the turn of the hour on no fundamental news
CHF strength largely attributed to safe haven moves amid the continued tension between Greece and its creditors, which has contributed to equities residing in negative territory. There are also risks that the ECB may adjust ELA program for the indebted country and EU leaders are pushing for a summit this weekend to discuss the situation; Some banks note cutting their EUR/CHF longs, also reports of illiquid conditions in the cross.; Economists at State Secretariat for Economics (SECO) have suggested that if `extreme` solutions are used with regards to Greece, the short term strength in CHF `must be taken seriously` ... (full story)
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