Swiss National Bank’s sight deposits increased in the week ended January 30

Market news

2 February 2015

Swiss National Bank’s sight deposits increased in the week ended January 30

The Swiss National Bank (SNB) released its monetary policy data for the week ending 30 January 2015 on Monday. The report showed that the amount of cash commercial banks hold with the SNB rose last week. Sight deposits increased to 383.325 billion Swiss francs in the week ended January 30 from 365.486 billion francs a week earlier, according to SNB data.

Data indicates that the central bank may have intervened after discontinuing the 1.20 per euro exchange rate floor on January 15th.

The SNB declined to comment.

Foreign exchange market. American session: the U.S. dollar traded mixed to lower against the most major currencies after the mostly weak-than-expected U.S. economic data

ISM manufacturing purchasing managers’ index declined to 53.5 in January

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