Standard Chartered: CHF is not that strong for intervention

A Standard Chartered comment on the Swiss franc described it as “not strong enough” to interfere with the Swiss National Bank. SNB’s next monetary policy meeting is next week – September 19th. Adjusting for EUR/CHF against inflation will weaken the franc by about 10%, with the SC not seeing any reason at the moment. SCs do not expect a reduction in the interest rate by SNB, as well as short-term intervention.

 Trader Martin Nikolov

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