SNB's Jordan won't comment on FX interventions

    • declines to comment on whether SNB is currently active
    • franc more overvalued vs euro than vs usd

    Seems a bit strange to be so coy when they've said already this morning in the statement that they will remain active

    • not noticing any abnormalities in cash circuation
    • risks of holding cash must be considered

USDCHF 0.9905 EURCHF 1.0565

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