CHF remains ‘highly valued’ – Danske Bank

Pablo Piovano FXStreet

Head of FI Research at Danske Bank Arne Rasmussen assessed the recent outcome of the SNB meeting.

Key Quotes

“SNB also kept rates unchanged at its quarterly meeting yesterday and maintained that CHF is ‘highly valued’ and kept open the intervention option”.

“Overall, it was a rather dovish message, underlining that the SNB prefers to be side-lined (just like ECB) and still worried about risks from CHF strength”.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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