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