SNB’s Jordan: SNB is trying to limit the strength of its currency
|Headlines cross the wires from the Swiss National Bank (SNB) Chairman Thomas Jordan, via Bloomberg, speaking at a news conference at the G20.
Key Headlines:
Swiss National Bank is trying to limit the strength of its currency, not push it to artificially low levels
"It's always important to stress that the monetary policy of the central bank isn't one of competitive devaluation"
"We suffer from an overvalued franc and must try to contain this overvaluation"
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.