SNB: Overvalued Swiss franc can pose a problem for Swiss financial industry

Author: Adam Button | Category: Central Banks

SNB chairman comments:

  • Negative rates and willingness to intervene in FX market allows SNB to counteract attractiveness of Swiss franc investments
  • Overvalued Swiss franc can pose a problem for Swiss financial industry
  • So far Swiss banks have withstood the pandemic well
There's a risk the US loses patience with Swiss FX intervention.

For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose