SNB governing board member Andrea Maechler out on Reuters 7 Nov
No great surprise get the official "we'll be right there" message similar to the 24/7 monitoring over Brexit given the potential impact on the safe-haven CHF if Trump prevails.
Personally I'd be looking for a safe-haven whichever of them gets in!
- declines to comment on US election effect on CHF or financial markets
- uncertainty is high ahead of US election
- SNB is prepared to act, much like over Brexit vote.
Maechler's comments are in an interview on Swiss TV due to be broadcast later today.
They've been less than aggressive in recent days possibly keeping their powder dry for when/if the proverbial really does hit the fan.
USDCHF has struggled to make headway past 0.9790 and EURCHF 1.0830 which tells me the market got a caught a bit long on both last week when it fell with the SNB doing little to help.
Currently 0.9758 and 1.0800
Maechler up to the rostrum with some handy pointers as to where she's from
