“Stronger forex market interventions relieve over-valuation stress on the Swiss franc and shield the Swiss financial system,” Swiss Nationwide Financial institution Chairman Thomas Jordan stated on Friday.
“The franc is a safe-haven, all the time the place there is a rise in uncertainty there’s a seek for secure havens.”
“The size of the SNB’s stability sheet has elevated because of the intensive use of interventions.”
“Switzerland shouldn’t be a forex manipulator, has a really robust forex.”
“Forex interventions are an important instrument in the meanwhile.”
“The Swiss franc is very valued.”
The USD/CHF prolonged its each day rally following these remarks and was final seen gaining 0.73% every day at 0.9160.