MARKET TALK: SNB Resolve Expected To Hold Firm -SocGen

1149 GMT [Dow Jones] The Swiss National Bank's resolve is expected to hold firm, says Societe Generale, which thinks it was unsurprising that the central bank was tested Thursday given the thinner markets ahead of the long weekend. "It would make sense for the SNB to accumulate a large EUR long and then raise the floor, but that seems unlikely behavior for sober central bankers," notes Kit Juckes, chief currency strategist at Societe Generale. Juckes adds that the floor "appears to have holes in it, if today's low quoted on screens at 1.1999 is anything to go by, but that is a detail." EUR/CHF now trades at 1.2018