The Swiss National Bank's unexpected rate hike this morning has me rethinking my short $EURCHF positions. Will need to see if this is a one-off or a shift in central bank hawkishness that could push the franc higher across the board.

It's definitely not a one-off given the inflation data. Expecting more hawkishness from them, which will only make shorting the franc a tougher play.

It definitely changes the landscape for CHF. I'm curious if other central banks will follow suit with similar surprise moves.

I'm in a similar boat, keeping a close eye on the franc's movements today. While it certainly adds a new layer of complexity to short positions, it's worth considering the broader economic context for Switzerland to gauge whether this is truly a sustained hawkish turn.