SNB total sight deposits w.e. 29 Dec CHF 573.2bn vs CHF574.6bn prior
Latest data by the SNB - 3 January 2018
- Domestic sight deposits CHF 473.4bn vs CHF 481.1bn
Domestic deposits decreased slightly on the week, but nothing too much to read from it. Sight deposits are basically the accounts of banks that sit with the SNB and account for a major portion of liquidity within the financial system.
They used to play a bigger role in determining SNB intervention in the market post-EUR/CHF floor removal. Now, it's not really looked upon too keenly.
USD/CHF is at 0.9725 while EUR/CHF is at 1.1711 - not too much changes in either pairs.