EUR/CHF rises to 0.9866 EBS high, after five consecutive daily lows sub-0.98

0.9866 is highest level since April 12 (0.9874 was EBS high that day)

Euro supported by risk of aggressive 50 bps ECB rate rise next week (May 4)

The recent sub-0.98 EUR/CHF daily EBS lows ranged between 0.9778 and 0.9790

0.9778 was lowest level since March 15. SNB posts Q1 profit of CHF 26.9 bln

SNB made a profit of 24.2 billion francs from its foreign currency positions