Swiss Economicblogs.org
SNB jawboning CHF lower as concerns mount over global growth fears and a flight to safety. EUR/CHF is already trading close to the lows of the year. The Swiss National Bank’s Andréa M Maechler, Member of the Governing Board, has crossed the wires saying that ‘any intervention’ requires an analysis of cost/benefits – plenty of jawboning going on here. Key comments: Negative rates are working, still, have plenty of room for fx intervention. The attractiveness of CHF...
Read More »More SNB Maechler: Right now we still have plenty of room for forex intervention
More from SNB Maechler Right now is still plenty of room for forex intervention as to negative rates are working, SNB’s Maechler says “absolutely” Looking at the EURCHF, the pair is trading near the lowest levels since June 2017. The lows this month tested the lows from back then. The test has stalled the fall. EUR/CHF, Daily - Jan 2017 - August 2019(see more posts on EUR/CHF, ) - Click to enlarge Drilling to the 4 hour chart below, the price of the EURCHF...
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