The Swiss National Bank (SNB) said in a statement on Monday that “remains willing to intervene in the foreign exchange market if necessary“after being asked about the value of the exchange rate.
Featured Statements
CHF is currently being sought as a refuge currency.
The appreciation of the franc also reflects the inflation differential between Switzerland and other countries.
The Swiss franc remains highly valued.
The SNB analyzes the general situation of the currency.
Individual currency pairs do not play a special role.
These comments come after EUR/CHF reached parity on Friday, the first time it had done so since the central bank abandoned the cap on the currency’s value against the euro in 2015.
market reaction
EUR/CHF last stood at 1.0034, gaining 0.25% on the day, while USD/CHF has recovered 0.82% and is trading around 0.9240.
Source: Fx Street
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