SNB can be satisfied with results of its monetary policy Resistance of Swiss exports to strong franc is pleasing SNB will step in to prevent an appreciation of the franc should deflationary dangers reappear EUR/CHF continues lower, presently at 1.3515 from … Continue reading
There appears to be a little confusion. Hearing conflicting reports about bid at 1.3585. Talk now the bid is not SNB but someone protecting a barrier at 1.3575. Well suffice to say there’s a decent-sized bid at 1.3585.
Talk Swiss National Bank is on the bid in EUR/CHF at 1.3585. Said to be for around euros 1 bln. Talk of 1.3550 barrier with stops parked just below there.
The SNB will take all necessary steps to ensure price stability of deflation threat reemerges. The comments reinforce the notion that the SNB thinks the deflation risk has passed and that they are no longer concerned about the day-to day … Continue reading
Earlier this week a well-known think tank proclaimed that the SNB was willing to tolerate a stronger franc, perhaps as far as 1.3000 versus the EUR. Today we learned that the SNB dropped its vow to drop franc appreciation, saying … Continue reading
Below 1.3800. We’re presently at 1.3800 having been as low as 1.3787.