• EUR/CHF gravitates to 0.9450 after Tuesday rise to 0.9471 February EBS high

• There is a large 0.9450 option expiry later this week (Friday)

• Tuesday gains influenced by hope Russia-Ukraine war might end soon

• Zelenskiy ready to swap Kyiv-held land in Kursk for Ukrainian territories

• Safe-haven franc strengthened after Russia invaded Ukraine in Feb 2022

• Swiss Jan inflation data due Thursday at 0730 GMT; CPI forecast 0.4% YY

EURCHF

(Robert Howard is a Reuters market analyst. The views expressed are his own)