We suspect USD/CHF will soon enough rise to over 0.97 - the Swiss are likely to intervene heavily to stop the Swiss Franc appreciating:
We went Long on (Bought Position) at 0.9476 in USD/CHF - we are expecting it to reach 0.9580s fairly soon as the U.S. Dollar $ is coming back into favour as a safe haven...
Any one else into this or has experience with Usd/Chf?
Appreciation - A currency is said to appreciate when its price rises.
Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.