SNB's Schlegel: We remain committed to our mandate of price stability

Dhwani Mehta FXStreet

Swiss National Bank (SNB) Chairman Martin Schlegel said on Tuesday that “we remain committed to our mandate of price stability.”

Additional quotes

The Swiss franc has really appreciated a lot.
We have said we are ready to intervene in the FX market as necessary.
No one likes negative rates.
But if we have to, we are prepared to do it again.
We haven't ruled out negative interest rates.
We expected Swiss inflation to come down.

USD/CHF reaction to SNB Schlegel’s comments

As of writing, USD/CHF is posting small gains near 0.8225, 0.13% higher on the day.

Swiss Franc PRICE Today

The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today. Swiss Franc was the weakest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.28%	-0.23%	-0.32%	-0.10%	0.09%	-0.38%	0.02%
EUR	0.28%		0.03%	-0.03%	0.17%	0.36%	-0.11%	0.30%
GBP	0.23%	-0.03%		-0.08%	0.14%	0.35%	-0.14%	0.29%
JPY	0.32%	0.03%	0.08%		0.20%	0.40%	0.00%	0.35%
CAD	0.10%	-0.17%	-0.14%	-0.20%		0.19%	-0.27%	0.15%
AUD	-0.09%	-0.36%	-0.35%	-0.40%	-0.19%		-0.47%	-0.04%
NZD	0.38%	0.11%	0.14%	-0.00%	0.27%	0.47%		0.43%
CHF	-0.02%	-0.30%	-0.29%	-0.35%	-0.15%	0.04%	-0.43%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Swiss Franc from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CHF (base)/USD (quote).

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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