Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Key Takeaways:
The SNB kept policy unchanged in March, with the moderation of language around FX being the most notable change in communication. In December, the SNB committed to intervening "more strongly" in currency markets, but this phrase was removed from March's missive, reflecting the moderation in CHF strength against both the USD and EUR over the past three months.
Despite the change in communication, SNB President Jordan reaffirmed that there had been "absolutely no change" in monetary policy and that the bank's commitment to intervention was "exactly the same". This helped temper any expectations that the SNB were taking a more lax approach to CHF going forward.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.