SNB chairman Schlegel: Ready to intervene in currency markets as necessary

October 30, 2024
-FCHFX

October 30, 2024 at 09:42AM

Swiss franc is a safe haven, it appreciates in times of uncertainty

SNB ready to intervene in currency markets as necessary

Ready to react to pressure on the franc as well

With EUR/CHF keeping closer to the lows for the year, it is telling of market sentiment regarding the franc. And that is despite the SNB being ahead of the curve in cutting rates before the other major central banks this year. Schlegel’s remarks are not anything new though but he did earlier in the day say that they are prepared to cut rates further again if need be.

This article was written by Justin Low at www.forexlive.com.

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