SNB's chairman Jordan: Negative rates, readiness to intervene in FX markets are essential

Market news

30 April 2021

SNB's chairman Jordan: Negative rates, readiness to intervene in FX markets are essential

Current monetary policy stance is necessary; it is in interest of all the country not for particular sections
Swiss franc has weakened but remains highly valued
Cryptocurrencies are not liquid enough for the bank to have as one of its investment assets

EUR/USD set to climb towards the 2021 high at 1.2349 - Commerzbank

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