One of the SNB board out on the wires
- no increased demand for cash on negative rates
- franc still overvalued
- negative rate of -0.75% having desired effect
Yep, with a little intervention help too of course
- demand for CHF partly due to domestic investors
- weaker CHF in recent weeks is a move in the right direction
Yep, I repeat, with a bit of intervention help too of course
- will stick with current measures as long as needed
- rates will have to normalize at some point
USDCHF 0.9818 continuing its correction lower after the post-NFP rally to 0.9885 and now with EURUSD having broken up through 1.0950 and EURCHF still bid
I hope you're catching some of the waves out there
