14 Sep 2015
SNB could remain in the sidelines – BBH
FXStreet (Edinburgh) - Analysts at BBH noted the SNB is unlikely to surprise markets at its meeting later this week.
Key Quotes
“The Swiss National Bank is the least likely to surprise”.
“Without much fanfare, the euro has steadily risen against the Swiss franc, and before the weekend reached its highest level (~CHF1.1050) since the franc's cap was lifted back in January”.
“The SNB will say it is ready to act if needed but there is no sense of urgency at the moment. Moreover, the record paper losses the SNB reported in H1 14 is being pared this quarter”.
“The Swiss franc has depreciated about 3.5% against the dollar since the end of June and 5.2% against the euro”.
Key Quotes
“The Swiss National Bank is the least likely to surprise”.
“Without much fanfare, the euro has steadily risen against the Swiss franc, and before the weekend reached its highest level (~CHF1.1050) since the franc's cap was lifted back in January”.
“The SNB will say it is ready to act if needed but there is no sense of urgency at the moment. Moreover, the record paper losses the SNB reported in H1 14 is being pared this quarter”.
“The Swiss franc has depreciated about 3.5% against the dollar since the end of June and 5.2% against the euro”.