Comments by SNB head Thomas Jordan
- Political uncertainty in Italy has led to CHF strengthening
- Expansionary policy remains appropriate
- Main risks are political developments, protectionism
- Substantial movements in FX market shows fragile situation
Jordan is speaking live right now and you can watch him here if you're interested. The text shows that he isn't speaking about anything new though, mainly a reiteration of previous messages.
The swissie has been strengthening after the SNB decision though, with USD/CHF falling to a low of 0.9949 earlier and EUR/CHF falling to a low of 1.1506.
