tbh the way i see it is the SNB is just waiting for the correct moment to raise the floor.. the correct moment being when the eurozone is relatively stable.
So if German parliament approves the recent initiatives made at the EUR summit /more steps to stabilise the eurozone are established- I would expect them to raise the floor in the very near future.
The reason why it hasn't done it to date despite all the talk and bad economic data is due to market uncertainty. Its already having to actively intervene at 1.2 thus if it raised to 1.25 now/before eurozone stability, it would lose a fortune trying to defend 1.25...
opinions, counterarguments and flaws in my argument welcome!
So if German parliament approves the recent initiatives made at the EUR summit /more steps to stabilise the eurozone are established- I would expect them to raise the floor in the very near future.
The reason why it hasn't done it to date despite all the talk and bad economic data is due to market uncertainty. Its already having to actively intervene at 1.2 thus if it raised to 1.25 now/before eurozone stability, it would lose a fortune trying to defend 1.25...
opinions, counterarguments and flaws in my argument welcome!