Still room to rise toward the 1.0500 area – MUFG
The EUR/CHF pair has climbed back above parity over the past week after bouncing off support for the 200-day moving average at around 0.9930, explained analysts at MUFG Bank. They see that price action supports their view that there is still room for the cross to rise back towards the levels that were in place […]
Absolute priority should be to bring inflation down to price stability level
Swiss National Bank (SNB) Chairman Thomas Jordan said in a scheduled speech on Friday, “absolute priority should be to bring inflation down to price stability level.” Additional quotes “We should not underestimate second-round effects of inflation.” “Firms are not hesitating to increase prices, not easy to bring inflation back to 2%.” “Once inflation is high, […]
SNB total sight deposits w.e. 13 January CHF 536.2 bn vs CHF 533.5 bn prior
Domestic sight deposits CHF 511.5 bn vs CHF 487.3 bn prior A slight rise in overall sight deposits in the past week, sort of bucking the trend a little as the SNB is still smoothing things out while surreptitiously making tweaks to maintain policy effectiveness. ADVERTISEMENT – CONTINUE READING BELOW Source link