Swiss National Banker Jordan is on the wires saying the Bank has not used up all its ammunition. he sees the risk of a strong downturn, which could be helped by lower rates. He has concerns about the current strengthening of the franc and says that a somewhat weaker franc would be welcome amid the current crisis. His colleague Phillipe Hildebrand has been vocal in advocating currency intervention to weaken the franc.
EUR/CHF is near the top of its intraday range, now at 1.5055.
