SNB prop up CHF, while CAD follows crude......>

FOREX: SNB prop up CHF, while CAD follows crude north

-CHF is among the top performers in G10 following the SNB policy decision. Rates

were kept unchanged, but better growth and inflation forecasts helped underpin a

drop back toward Chf1.12 in EUR/CHF. CAD also trades well on the back of better

oil prices. WTI recouped all of yesterday's losses on news of an attack on an

oil tanker in the Gulf of Oman. Two tankers have reportedly been damaged, but

little detail is known of the events just yet.

-Meanwhile, AUD sits at the bottom of the G10 table, underperforming all others

as May jobs data overnight disappointed. While headline employment change

numbers were better-than-expected, the gains were heavily tilted toward

part-time, rather than full-time roles. Bears now eye $0.69 support, with a

break below opening the multi-month lows printed in May of $0.6865. Risk

appetite looks somewhat positive across Europe so far, with mainland indices in

the green and US futures indicating a positive open on Wall Street.

-The data and speaker calendar is light Thursday, with only US import/export

price indices and weekly jobless data due.