Scotia says evidence points to Swiss National Bank intervening in CHF

Summary:
FX strategist at Scotiabank cites the relative stability of EUR/CHF (above and around 1.06) in the past  two weeks while turmoil in markets elsewhere  suggestive of SNB intervention to hold off strength in the Swiss franc Scotia say sight deposits have risen steadily since the beginning of 2020 – “indicating intervention”. Also make note of the re-inclusion of the SNB on US Treasury Department FX watch list Euro / Swiss Franc (see more posts on EUR/CHF, ) - Click to enlarge Related posts: Swiss National Bank Presents New 100-Franc Note Negative rates might go lower, says Swiss National Bank chairman The Swiss National Bank reports a profit of CHF 51.5 billion for the first three quarters of 2019 Swiss National

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