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: 1) SNB and CHF, 1.) Forex Live Based CHF SNB, 4) FX Trends, EUR/CHF, Featured, newsletter, Thomas Jordan
This could be interesting, too:
Tyler Durden writes Credit Suisse Hires Former Prime Brokerage Head To Restore Business After Archegos Blowup
Tyler Durden writes Gold Is Laughing At Powell
Tyler Durden writes The Trillion Hidden Exposure Behind The Archegos Blowup
Swiss National Bank writes Swiss Financial Accounts: Household wealth in 2020 and focus article
- 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.
Tags: EUR/CHF,Featured,newsletter,Thomas Jordan