SNB total sight deposits w.e. 12 April CHF 576.7 bn vs CHF 576.3 bn prior

Author: Justin Low | Category: News

Latest data released by the SNB - 15 April 2019

  • Domestic sight deposits CHF 484.7 bn vs CHF 485.5 bn prior
Prior week's release can be found here. No surprises here as total sight deposits remain relatively unchanged for yet another week considering EUR/CHF rebounding after testing key support just under 1.1200 in the weeks before.

For those not familiar with the data here, it's a proxy to check if the SNB is intervening in the market i.e. weakening the swissie. However, with EUR/CHF still in range of 1.1200 to 1.1400, they are seen unlikely to step in.

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