The Swiss National Bank's (SNB) Vice-Chairman, Fritz Zurbruegg, crossed the wires in the last minutes reiterating that negative rates and their readiness to intervene in the FX market were key tools to reduce the attractiveness of the Swiss franc.
"Inflation in Switzerland remains subdued. We have seen some nervousness and pressure on the Swiss franc," Zurbruegg said. "We are sticking to expansionary monetary policy."
The USD/CHF pair doesn't seem to be paying much attention to these comments and was last seen posting small daily gains at 0.9880.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.