Catch SNB Jordan's weekend FX intervention comments … before they catch you
Swiss National Bank Chairman Thomas Jordan spoke in Washington on Saturday.
- we have still room to lower interest rates further and we have also room to use the balance sheet, if necessary, for interventions in foreign exchange markets
I am sure we all remember the last time Jordan intervened in the FX market. Although when he called quits on the intervention was even more memorable. AmIright or amIright?
EUR/CHF … lose the bid …