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SNB's Jordan Pushes SARON Futures Away From Lows

STIR

SARON futures have pared early losses (which came on the back of the weakness in wider core global FI markets) after SNB President Jordan noted that the CHF is now stronger, which needs to be accounted for when it comes to monetary policy. Contracts are off initial reaction highs, essentially printing unchanged on the day at typing. CHF has softened a little in post-Jordan FX trade.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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