- It would be negligent to ignore inflationary developments in Switzerland
What a time to be alive. Who would've thought the day would come when the SNB says that it may even sell foreign currencies "in case" the Swiss franc weakens. I guess that also ties back to why they removed the term 'highly valued' in the statement earlier today.
USD/CHF is still down over 1% on the day to 0.9830, with the low earlier touching 0.9785. Meanwhile, EUR/CHF is down 1.5% to 1.0220, with the low earlier touching 1.0170.
