SNB's Zurbruegg: FX interventions remain important

Dhwani Mehta FXStreet

The Swiss National Bank (SNB) Vice Chairman Fritz Zurbruegg comments on the importance of the forex market intervention and that he still believes that the Swiss franc remains highly valued.

Key quotes

Welcomes recent weakening in the franc.

But currency is still highly valued.

Current policy remains appropriate.

FX interventions remain important, along with negative rates.

USD/CHF reaction

USD/CHF holds steady below 0.9000, unperturbed by the above comments, with the upside capped by the US dollar’s weakness.

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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