The EUR/CHF will start a new week on Monday with focus on the Swiss economic data that might signal the coming move from the SNB.
The pair clearly lacks momentum to change course and is only affected by any expectation of chance for the SNB to intervene or expand its monetary loosening to support the economy.
last week comments from SNB board member Jean-Pierre Danthine said the SNB did not take the 1.20 floor decision lightly and will take further measures if the economic outlook and deflationary risks so require.
According to the comments the data today can affect the pair’s movement especially the CPI data. Rising deflationary threats might signal to markets that the SNB will likely take more action which will push the pair more to the upside.
Developments in the euro area are not affecting the pair as investors are surely not betting on the euro against a have franc yet the news from Greece and the final fate of the government that will take place over the weekend will also affect the pair.
As of 06:45 GMT, the Swiss economy will release unemployment for the month of Oct. followed by CPI, specifically at 08:15 GMT, for the same month, while the United States lacks fundamentals.
