SNB's Zurbruegg: Situation on FX market remains fragile

Eren Sengezer FXStreet

While speaking at an economic forum in Landquart, Switzerland, the Swiss National Bank's Vice-Chairman Fritz Zurbruegg said that the situation in the forex markets was still fragile to reiterate Chairman Jordan comments from last week.

Key quotes (via Reuters)

Uncertainties have risen of late, including protectionism, Brexit, Italy.
Outlook for Swiss economy favourable.
Highly valued swiss franc remains a risk.
Inflationary pressure remains slight.
Interest rate differentials important for exchange rates.
Current monetary policy remains appropriate.
Heightened uncertainty, highly valued franc, low inflation pressure and global low rates warrant expansive policy.

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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