Swiss National Bank board member Maechler in a newspaper interview 6 Feb
- franc remains significantly overvalued and presents big challenges to business
- economy can not depend on one "magic number"
- SNB role not to apply a particular exchange rate but ensure there is appropriate monetary environment
- without neg interest rates the franc would be stronger which would have heavy impact on economy and pension funds
USDCHF 0.9942 having found support around 0.9920 again. SNB possibly sniffing but EURCHF 1.0688 having failed above 1.0700 again.
