SNB's Jordan: Should not focus on daily volatility in exchange rates

Eren Sengezer FXStreet

Below are the key quotes, via Reuters, from Swiss National Bank (SNB) Chairman Thomas Jordan's recent interview with CNBC.

Don't believe we are facing a currency war.

Can't comment on Mnuchin's remarks on dollar.

Should not focus on daily volatility in exchange rates.

Willing to intervene in fx markets if necessary.

SNB not looking at specific exchange rates when setting policy.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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