EUR/CHF volatility options pricing concerns ahead of Swiss gold vote

FXStreet (London) - EUR/CHF implied volatility has seen a strong move today on concerns ahead of next week’s Swiss gold vote. The “Save Our Gold” referendum would require the Swiss National Bank to hold at least 20 percent of its reserves in gold and to also buy gold alongside euros as it defends its EUR1.200 floor.

EUR/CHF one-week ATM volatility options have risen strongly through the session, currently pricing at 4.5950 percent ahead of the November 30 vote.

CHF spot has strengthened through the session, with USD/CHF declining to CHF0.9688 after yesterday’s highs at 0.97.31 percent, down 0.09 percent.

Nov 24, 2014

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