SNB's Jordan says CHF still over valued 14 Sept

Author: Mike Paterson | Category: Central Banks

SNB chairman talking to Swiss TV 14 Sept

  • we must see how sustainable recent ccy developments are
  • interest rate differential to other countries still very tight

Sustainable ? More than one eye on ECB and Fed methinks.

  • decisions of the ECB and US Fed are very important

Bingo.

Meanwhile USDCHF and EURCHF have both felt some love since the earlier SNB decision and statement maintaining policy stance but retreating again atm.

Currently 0.9667 and 1.1498 after 0.9689 and 1.1531 highs. Good pips to be had for intra-day traders.

                                                EURCHF 15m

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