Latest data released by the SNB - 1 July 2019
- Domestic sight deposits CHF 466.7 bn vs CHF 465.9 bn prior
Prior week's release can be found here. Sight deposits are little changed on the week, which suggests that the SNB may not be actively intervening despite some suggestions that they're in the market after EUR/CHF fell rather substantially in the past week.
Key word there being 'actively' as we'll probably see more from the central bank if the franc strengthens further in the coming weeks/months. For now, I reckon they're very much happy that we saw a trade truce between US and China over the weekend.
