EUR/CHF – SNB might cut rates further

• A Swiss newspaper reported yesterday that SNB sources said the board want the EUR/CHF at least at 1.10
• He further said that the SNB might cut deposit rates to -1.5 % (currently at -0.75 %) if the CHF would strengthen further
• EUR/CHF is trading near 1.07 currently; while the rapid rally in USD/CHF has helped to dampen the CHF strength somewhat, the EUR weakness remains a big problem for the SNB