Martin Schlegel, chairman of the Swiss State Bank (SNB), said Tuesday that “we are still dedicated to the mandate of price stability”.
Additional offers
- Swiss franc has really appreciated a lot.
- We have said that we are ready to intervene on the FX market if needed.
- Nobody likes negative rates.
- But if we have, we are ready to do it again.
- We have not ruled out negative interest rates.
- We expected Swiss inflation to fall.
USD/CHF reaction to SNB Schlegel comments
From writing USD/CHF Posts small profits near 0.8225, which is 0.13% higher during the day.
The price of Switzerland franc today
The table below shows the percentage of the Swiss Franc (CHF) relative to the main currencies listed today. Switzerland Franc was the weakest against the new -Sea Dollar.
| Dollar | EUR | Gbp | Jpy | Kadi | Audio | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| Dollar | -0.28% | -0.23% | -0.32% | -0.10% | 0.09% | -0.38% | 0.02% | |
| EUR | 0.28% | 0.03% | -0.03% | 0.17% | 0.36% | -0.11% | 0.30% | |
| Gbp | 0.23% | -0.03% | -0.08% | 0.14% | 0.35% | -0.14% | 0.29% | |
| Jpy | 0.32% | 0.03% | 0.08% | 0.20% | 0.40% | 0.00% | 0.35% | |
| Kadi | 0.10% | -0.17% | -0.14% | -0.20% | 0.19% | -0.27% | 0.15% | |
| Audio | -0.09% | -0.36% | -0.35% | -0.40% | -0.19% | -0.47% | -0.04% | |
| Nzd | 0.38% | 0.11% | 0.14% | -0.00% | 0.27% | 0.47% | 0.43% | |
| Chf | -0.02% | -0.30% | -0.29% | -0.35% | -0.15% | 0.04% | -0.43% |
The heat card shows the percentage of the main currencies relative to each other. The basic currency is selected from the left column, but the quote currency is selected from the upper row. For example, if you choose the left column of the Swiss franc and move along the horizontal line to the US dollar, the percentage change in the box marks the CHF (base)/USD (quote).
