SNB: Remains prepared to intervene in FX market if necessary

The Swiss National Bank (SNB) said in a statement on Monday, it “remains prepared to intervene in FX market if necessary” when asked about the exchange rate value.

Additional takeaways

Franc is currently sought after as a refuge currency.

Franc appreciation also reflects the inflation differential between Switzerland and other countries.

The franc continues to be highly valued.

SNB looks at overall currency situation.

Individual currency pairs do not play a special role.