Uptick in site deposits puts the spotlight on SNB intervention in the franc

Author: Adam Button | Category: Central Banks

Has the SNB started to intervene

The weekly site deposit data from the Swiss National Bank showed a small uptick but with some perspective, it's a notable turn.

Bloomberg highlights the bump and what looks like a bid to keep EUR/CHF above 1.10.
Has the SNB started to intervene
I don't think SNB is going to make a strong stand at 1.10 but expect them to cushion any falls in the pair unless there is a big run on risk assets.
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