SNB’s Jordan repeats they will counter any excess franc rise decisively

The SNB will not allow any excessive franc rise that could lead to deflation, he continued. The SNB clearly has the means to to do this he says.

I guess a EUR/CHF slide to 1.4233 can’t be considered “excessive” since they’ve done diddly so far…

EUR/CHF is testing the “old” all-time low at 1.4300 after the comments. Talk alone won’t boost EUR/CHF for long, I’d expect…