The Swiss National Bank is “still willing” to be energetic on the international forex markets in pursuing its purpose of worth stability, Vice Chairman Martin Schlegel stated on Monday.
“If the Swiss franc depreciates we are ready to sell foreign exchange, if the Swiss franc appreciates strongly we are willing to buy foreign exchange,” Schlegel instructed an occasion in Warsaw.
Key notes from SNB Vice Chairman
”We are nonetheless keen to be energetic on the foreign exchange markets.”
”If the swiss franc depreciates, we’re able to promote foreign exchange. if it appreciates strongly we’re keen to purchase foreign exchange.”
USD/CHF technical evaluation
There has been a break within the construction, BoS, beneath 0.9250 and will the bears commit, a transfer to check 0.9200 may very well be to ensure that the approaching classes.
