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SNB will continue with 1.20 EURCHF cap

SNB will continue with 1.20 EURCHF cap

Central Banks
Mike Paterson
19/09/2013 | 07:32 GMT
  • still prepared to buy fx in unlimited quantities to defend it

Market unimpressed

USDCHF 0.9118 from 0.9121

EURCHF 1.2340 from 1.2345

Add:

  • says CHF is still highly valued
  • SNB ready to take further measures if required

Anyone going short of CHF into this montly mantra will be disappointed by the lack of upside movement in EURCHF or USDCHF

Lower now at 1.2330 and 0.9112

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