Wednesday , December 11 2019
Home / SNB & CHF / SNB’s Jordan: Swiss franc remains highly valued

SNB’s Jordan: Swiss franc remains highly valued

Summary:
Foreign exchange market remains fragile Negative rates, readiness for intervention still necessary Danger of a worsening international situation remains large Imbalances in Swiss real estate market still persist Some remarks by the Jordan, cited by the Swiss government. Nothing out of the ordinary here as they maintain their same messaging about the franc and the need to intervene in the FX market as and when is necessary. Though the timing is a little interesting as we’re seeing the franc appreciate today on the back of more risk off flows in markets. EUR/CHF is now at a one-month low around the 1.09 handle and that may see the central bank start to get a little more hands on again. Related posts: Pound to Swiss

Topics:
Forexlive considers the following as important: , , , , , ,

This could be interesting, too:

SECO writes Switzerland Unemployment in November 2019: Up to 2.3 percent, seasonally adjusted unchanged at 2.3 percent

Anil Panchal writes USD/CHF Technical Analysis: Forms bearish flag on hourly chart

Jeffrey P. Snider writes You Will Never Bring It Back Up If You Have No Idea Why It Falls Down And Stays Down

Charles Hugh Smith writes The Taxonomy of Collapse

  • Foreign exchange market remains fragile
  • Negative rates, readiness for intervention still necessary
  • Danger of a worsening international situation remains large
  • Imbalances in Swiss real estate market still persist

SNB’s Jordan: Swiss franc remains highly valued
Some remarks by the Jordan, cited by the Swiss government. Nothing out of the ordinary here as they maintain their same messaging about the franc and the need to intervene in the FX market as and when is necessary.

Though the timing is a little interesting as we’re seeing the franc appreciate today on the back of more risk off flows in markets. EUR/CHF is now at a one-month low around the 1.09 handle and that may see the central bank start to get a little more hands on again.


Tags: ,,,

Leave a Reply

Your email address will not be published. Required fields are marked *