Banking troubles in Germany weigh
In times of trouble, everyone loves a Swiss bank.
Worries about Deutsche Bank have led to a flight to the perceived safety of the Swiss franc.
The SNB has lamented the overvalued Swiss franc for years but one crisis after another in the Eurozone has left them constantly on the defensive.
Lately, the pair has fallen into a steady range in the 1.08 to 1.10 range but it's threatening the low end after falling to the lowest since mid-September.
Technically, it's a minor move but it opens up the support around 1.0800. That was briefly breached after the Brexit vote but it's largely held otherwise. It's a good bet that the SNB won't let it fall below.
