SNB’s Zurbruegg: Franc is highly valued at current level

Eren Sengezer FXStreet

Swiss National Bank (SNB) Vice-Chairman Fritz Zurbruegg reiterated on Wednesday that the Swiss franc is highly valued at its current exchange level, as reported by Reuters.

Zurbruegg added that he thinks that the inflation rise is temporary and noted that they will keep the balance sheet as high as necessary.

Market reaction

These remarks don't seem to be having a significant impact on the CHF's performance against its major rivals. As of writing, the USD/CHF pair was trading at 0.9205, where it was up 0.12% on a daily basis.

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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