Swiss franc has significantly increased in past few weeksUnderlying inflation pressure has decreasedWe will continue to monitor developments closely, adjust policy if necessaryWilling to be active in foreign exchange markets as necessary
The comment on the franc having “significantly increased” does change things up a bit. That perhaps says they are comfortable with the currency at its present levels, as they look to press further with easing monetary policy. USD/CHF remains up 0.6% at 0.8896 on the day.
This article was written by Justin Low at www.forexlive.com.
