SNB’s Zurbruegg: Inflation rise likely temporary

Dhwani Mehta FXStreet

Commenting on the inflation outlook, Swiss National Bank (SNB) Vice-Chairman Fritz Zurbruegg said the inflation rise is likely to be temporary.

Additional comments

“Franc remains highly valued.”

“Expansive monetary policy is still needed.”

Market reaction

The above comments have little to no impact on the Swissie, as it remains at the mercy of the US dollar dynamics ahead of the Fed’s June meeting’s minutes.

USD/CHF was last seen trading at 0.9235, down 0.08% on the day.

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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