Switzerland June foreign currency reserves now out from the SNB 7 July
- CHF 694.2bln prev revised up from 693.7bln
Not too much to glean from this but we can be assured that the SNB are still keeping a close eye and ready to act to weaken the franc.
For the moment though with EURCHF pushing higher again the market is doing the job for them.
USDCHF currently 0.9612 near session highs as EURCHF holds 1.0970 albeit just off session highs. Offers/res between 1.0980-1.1000.
Full report here
