Ella 
The Swiss National Bank (SNB) holds a meeting today.
Swiss National Bank to raise policy rate by 25 basis points
The Swiss National Bank is widely expected to raise its policy rate by 25 basis points to 2.00%. In addition, there are comments that the Swiss National Bank will use the Swiss franc to achieve its monetary goals and will continue to sell foreign exchange.
This should be a familiar story. The SNB is trying to keep the real exchange rate of the Swiss franc stable for monetary purposes. This actually means that the SNB is creating a stronger nominal Swiss franc. Given the strength in the US dollar, it looks like the SNB will have to work harder to push EUR/CHF lower to achieve nominal CHF strength.
EUR/CHF is expected to remain under pressure around 0.95 for months and any rebound will be short-lived.
