So says Thomas Jordan on Reuters. He deems it unnecessary to intervene to defend the cap in the immediate future. With the dollar euphoria EUR/CHF has had another look above 1.22, again by 4 pips and we’ll need to see … Continue reading
The cuckoos are relaxing slightly in Switzerland as EUR/CHF takes a run up to the highest levels for a week at 1.2178. The SNB has moved to DEFCON 3 from DEFCON 2 and a move above 1.22 will see the … Continue reading
The Swiss franc is soaking it up as much as the yen is and we’re down through the earlier lows. 1.2103 was the low at the beginning of March and the way things are going we could be seeing that … Continue reading
Goldman Sachs economist Dirk Schumacher says that the SNB may go to negative rates if the ECB cuts rates in April as any pressure from an ECB cut will put pressure on the Swiss franc. He says there’s a “reasonable … Continue reading
The Swiss National Bank is prepared to defend the franc from strengthening further than 1.20 per euro if tensions in Ukraine push up the Swiss currency, Swiss National Bank Chairman Thomas Jordan told a Swiss newspaper. “We would intervene and … Continue reading
Following on from John’s excellent post yesterday, it begs the question how far a) the current situation in Ukraine/Crimea will escalate and b) how close that may bring the SNB having to defend its 1.2000 EURCHF peg. Last Saturday I … Continue reading
Cap on CHF remains “appropriate and important” Zurbruegg comments are on Reuters, who cites a ‘paper’. EUR/CHF perked up to 1.2205 from 1.2195 on the headlines.
According to a note out from Commerzbank. FX strategist Lutz Karpowitz revises year end forecast to 1.22 from 1.26 saying that the upside will be tough while the ECB stays loose and that the continued overheating of the Swiss housing … Continue reading
Another CHF 2.5 bln in the locker should they need it !
I guess we’ll see how satisfactory when the stress tests are run and regulators finalise all the grand plans they’ve been working on for the last (lost count) years.