The Vice President of the Swiss National Bank (SNB), Fritz Zurbruegg, has comments on the importance of intervention in the foreign exchange market and that he still believes that the Swiss franc is still highly valued.
Featured statements:
We celebrate the recent weakening of the franc, but the currency is still highly valued.
The current policy is still appropriate.
Foreign exchange interventions continue to be important, along with negative rates.
USD / CHF reaction
USD / CHF remains stable below 0.9000, reaching a daily high at 0.8991 on Zurbruegg’s words.
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