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Swiss Economy Minister Flags Concern Over CHF Strength

CHF
  • Plenty of focus on the strengthening CHF over the past fortnight or so - with the Swiss Economy Minister just noting that EUR/CHF near 1.00 is a "concern".
  • Despite the persistent and one-way traffic in the cross, note that the move in the inflation-adjusted CHF exchange is considerably less dramatic - and is a key factor for the SNB when considering their FX intervention approach.
  • The JPM gauge below shows the CPI-adjusted CHF is still considerably lower than the levels seen across 2020 - the last time the SNB materially intervened in markets.
  • Read more here: https://marketnews.com/snb-unlikely-to-feel-heat-o...

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