EUR/CHF – Jordan says SNB hasn’t intervened since 2012 by Milan Cutkovic

  • SNB Chairman Jordan mentioned earlier today that the SNB has not intervened in the FX market since 2012
  • The bank enjoys high credibility and verbal intervention has been enough so far to keep the 1.20 floor intact
  • No doubt in the market that the SNB will act if needed, hence specs more keen to buy the dips rather than try to push it lower
  • The SNB has not set levels where it would begin it’s intervention, but some bank analysts believe 1.2020 would be the level

The post EUR/CHF – Jordan says SNB hasn’t intervened since 2012 appeared first on www.forextell.com.

Leave a Reply