Latest data released by the Swiss National Bank - 8 January 2018
- Domestic sight deposits CHF 471.4bn vs CHF 473.4bn prior
Prior week's reading can be found here.
Domestic deposits decreased slightly on the week, but nothing too much to read from it. 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.
They used to play a bigger role in determining SNB intervention in the market post-EUR/CHF floor removal. But now the data point offers very little - since the market has moved on from the incident.
USD/CHF is at 0.9770 and EUR/CHF is lower on the day at session lows of 1.1714 as the euro continues to head lower.
