Friday , 22 November 2024
Home Forex SNB chairman Schlegel: Ready to intervene in currency markets as necessary
Forex

SNB chairman Schlegel: Ready to intervene in currency markets as necessary

  • Swiss franc is a safe haven, it appreciates in times of uncertainty
  • SNB ready to intervene in currency markets as necessary
  • Ready to react to pressure on the franc as well

With EUR/CHF keeping closer to the lows for the year, it is telling of market sentiment regarding the franc. And that is despite the SNB being ahead of the curve in cutting rates before the other major central banks this year. Schlegel’s remarks are not anything new though but he did earlier in the day say that they are prepared to cut rates further again if need be.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

US stocks are mixed in premarket trading

The futures are implying a mixed opening with 30 minutes to go...

ECBs Nagel (Hawk): PMI data confirms that Germany is stagnating

ECB Nagel is on the wires saying"PMI data confirm that Germany is...

ECBs Villeroy: ECB is achieving a soft landing

ECBs Villeroy is weighing in after weaker data today:ECB is achieving a...

Canada retail sales for September 0.4% vs 0.4% estimate

Prior month 0.4%Retail sales for September x.x% vs 0.4% est.Ex Auto 0.9%...