Swiss National Bank sight deposits w-e 19 May

  • domestic CHF 487.48 bln vs 484.54 bln prev

SNB still not too far away from the action.

Total sight depos inc other depos on sight in CHF. Sight depos are the accounts of commercial banks with the SNB and make up a large part of the banking system's liquidity. The SNB increase sight deposits by FX swaps and repos of its own debt.

USDCHF 0.9750 ranging still as CHF demand prevails but EURCHF still underpinned around 1.0900.