SNB’s Jordan sees risk of major, sudden exchange rate movement

Dhwani Mehta FXStreet

The Swiss National Bank (SNB) Chairman Thomas Jordan is on the wires now, addressing the press conference following the status-quo policy decision, with the key headlines found below.

Swiss franc is highly valued, FX market situation is still fragile.

Risks to Swiss, global economic outlook is on the downside.

Swiss growth momentum likely to weaken somewhat in 2019.

Sees risk of major, sudden exchange rate movement.

Solid global growth in coming months is the baseline.

Politics, protectionism are significant risks to the baseline.

No reason to change interest rate differential.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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