Extra from SNB Martin:
- No plans to make use of adverse rates of interest in the meanwhile
- There are possible situations the place we may take charges adverse, however this isn’t a scenario being thought-about at current
- The SNB doesn’t have a stability sheet goal by itself
The USDCHF moved exterior of the buying and selling vary the place many of the worth motion befell between 0.8400 and 0.85368 on Friday after the robust than anticipated US jobs report. On Monday and Tuesday, the value moved beneath the excessive of that swing space briefly, however rotated greater and in buying and selling at present traded to the best stage since August 20. The worth this morning has rotated again to the draw back.
Assist will stay close to 0.85368. Transfer and keep beneath that stage would in all probability not be good from a technical perspective.
