Latest data by the Swiss National Bank - 22 January 2018

  • Domestic sight deposits CHF 468.9 bn vs CHF 473.9 bn

Prior week's reading can be found here.

Sight deposits are basically the accounts of banks that sit with the SNB and account for a major portion of liquidity within the financial system.

A slight dip in domestic deposits, but no biggie. As mentioned in the calendar preview, this data point used to matter more back in the day as a proxy to look out for SNB intervention in EUR/CHF - but not anymore.

USD/CHF at 0.9604 after hitting session lows of 0.9597 as the dollar remains a little pressured. Meanwhile, EUR/CHF is at 1.1760 a little lower as well.