News Headline Summary

EUR/CHF continues to edge higher, prints fresh session high at 1.2264 (+73pips), with 1-month implied vols at highest level since September 2012

Update details:

- Of note, last week it was reported that yet another bank in Switzerland, this time Zuercher Kantonal Bank, that it could impose a charge on private Swiss CHF savings accounts under certain market conditions.
- The EUR currency has been on an upward trend since the ECB press conference last Thursday, with EUR/CHF climbing just shy of 190 pips over the past two sessions.

Print 10:12, 14 Jan 2013 - FX Flows - Source: RANsquawk