Swiss franc the winner today

Was the Swiss franc trade an insurance policy in case of a Le Pen win? That makes some sense but it's a bit odd that CHF buyers would be so quick to get out. You would also think it would be euro-sellers going into CHF and if that was reversing, then EUR would be stronger.

In any case, it's the US dollar that's the best performer so far today as we kick off a week that finishes with retail sales and CPI.

The best performing trade is USD/CHF, which is up more than 1% but still in the middle of its range from the past month.