SNB’s Schlegel: We raise readiness to intervene against Swiss Franc’s appreciation
Swiss National Bank (SNB) Chairman Martin Schlegel said during the European trading session on Tuesday that the central bank is now more ready to intervene against one-way appreciating moves in the Swiss Franc (CHF).
Remarks
Real over-valuation of the Swiss Franc clearly lower than nominal over valuation.
Central bank has raised readiness to intervene to deal with overvaluation pressure due to Middle East escalation.
Market reaction
The Swiss Franc has responded slightly positively to SNB Schlegel's comments. At press time, USD/CHF trades 0.2% lower to near 0.7850.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meeting postponed, gold price drops rapidly
The "first metaverse stock" bets on "AI-powered game creation"! Roblox (RBLX.US) competes for creator economy dividends, shares surge nearly 13%
On September 11, after Roblox announced new tools for game developers and features for players at its developer conference, the company's stock price rose by more than 12% on Monday.
Trump publicly calls Jensen Huang: The "AI danger theory" is a fraud, data center importance surpasses the internet
During his speech at the All-In Summit in Los Angeles, Nvidia CEO Jensen Huang received a call from Trump and put it on speaker. Trump dismissed the dangers of AI as a "scam" and compared data centers to "the oil of the next twenty or thirty years," claiming their importance "exceeds that of the internet." Jensen Huang immediately expressed agreement, stating that he "won't let (an AI slowdown) happen." However, these strong statements failed to boost the market, as Nvidia's stock fell by 3.4% that day, with tech stocks overall trending lower.
Claude AI Predicts Bitcoin Price as Strive Adds Another 469 BTC
Crypto prices
More
