Jordan continues his comments on the Swiss franc saying the intervention was to stem the rise in the franc, not to gain an advantage over other countries.
Left unsaid though is that gaining an advantage over other countries in the process is a nice side-effect. Call your doctor if it lasts more than 4 hours…
The comments have taken the steam out of the EUR/CHF rally. It is back to 1.5360 from 1.5423.
