Swiss central banker Jordan says the bank will have to assess the effect of unconventional measures taken before introducing something else.
Critics of the SNB have been disappointed that the Bank has only made one “bells and whistles” foray into the currency markets to weaken the franc. If they have intervened further, it has been surreptitious. There have been period reports of SNB buying of EUR/CHF on dips of late, but not to any great effect.
EUR/CHF trades at 1.5085. USD/CHF is mid-range at 1.1055.
