The Swiss National Bank “remains ready” to intervene in foreign exchange markets to achieve its objective of price stability, its vice president, Martin Schlegel, said on Monday.
“If the Swiss franc depreciates we are ready to sell currencies, if the Swiss franc appreciates strongly we are ready to buy currencies,” Schlegel told an event in Warsaw.
Keynotes from the Vice President of the SNB
“We remain willing to be active in the foreign exchange markets.”
”If the Swiss franc depreciates, we are ready to sell foreign currency. if it appreciates strongly we are willing to buy currencies.”
USD/CHF Technical Analysis
There has been a break in the structure, BoS, below 0.9250 and if the bears commit, there could be a move to test 0.9200 in the coming sessions.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
