Comments by SNB vice president, Fritz Zurbruegg
- Market unease is affecting the franc
- Exchange rate markets remain fragile
- Says SNB will stick to expansionary monetary policy
- Inflation in Switzerland remains subdued
- Says SNB stands ready to intervene to reduce attractiveness of the franc
A bit of jawboning there or at least letting markets know to expect their presence should the swissie push gains any further from current levels. I reckon if EUR/CHF moves closer or threatens the 1.1000 level we're more than likely to see the SNB step in.
I'm sure they must be relieved by the trade truce over the weekend but then again, optimism appears to be fleeting as markets are already looking more cautious today.
