FX_IDC:USDCHF US DOLLAR / SWISS FRANC
While the SNB has abandoned the floor on EURCHF , it hasn't given up on its efforts to remain in step with ECB . They can't afford to. In the drive to accommodation in the Eurozone, there is a lag from Switzerland and potentially a capital inflow that can drive the Franc higher. With the ECB contemplating a upgrade in December, the SNB may be forced to up the ante and subsequently drive USDCHF beyond parity.