The SNB is likely to be active in the FX market says Nomura

Market news

27 February 2017

The SNB is likely to be active in the FX market says Nomura

"Recently, the market has been paying more attention to the Swiss franc as EUR/CHF heads lower.

The SNB is likely to be active in the FX market as EUR/CHF depreciation pressures increase ahead of euro area political events.

Further accumulation of SNB reserves is likely, and its diversification may attract market interest.

Our analysis shows that, historically, a month after SNB intervention, JPY and USD tend to outperform, while NOK and NZD tend to underperform".

Russian finance minister Siluanov says Russian fx market is still experiencing effect of privatistion deals done in late 2016

Eurozone economic confidence improved

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