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SNB Retain View That CHF is "Highly Valued"

CHF
  • The SNB state that the bank look beyond individual currency pairs, adding that the CHF remains highly valued and that the bank is ready to intervene if needed.
  • Those SNB headlines come as part of a 'written statement' but aren't a formal press release, so likely come in response to a journalist or politician's enquiry.
  • Recall last week, the Swiss economy minister flagged that "EUR/CHF near 1.00 is a concern" - but it's unlikely the SNB see the one-way traffic in the cross as a major problem at this stage - read more here: https://marketnews.com/swiss-economy-minister-flag...

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