SNB's Chairman Jordan: SNB will use all instruments to deal with extremely uncertain environment

Market news

24 September 2020

SNB's Chairman Jordan: SNB will use all instruments to deal with extremely uncertain environment

Current situation slightly less negative than expected three months ago
Economic recovery remains fragile
Brexit, U.S.-China tensions, monetary policy environment remains challenging
Interventions have had impact against upward pressure of the franc
More details on FX transactions is a response to bigger international interest*
Monetary policy situation remains more or less the same

* SNB announced earlier today that it would be publishing more detailed data on its money and foreign exchange market operations from 30 September 2020.

NZD/USD: Outlook remains fragile near-term - UOB

Germany’s business climate improves slightly less than forecast in September

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