Switzerland May forex reserves report 7 June
- prev revised up from CHF 695.94bln
Full details from the SNB here
Reduced reserves following on from yesterday's reduced domestic sight deposits suggesting less "smoothing" required by SNB for the moment.
USDCHF unchanged at 0.9632 but supported still down here I think the SNB still interested to make a presence/cast a shadow if nothing else. EURCHF also finding dip-demand and currently 1.0856
