SNB's Tschudin: Ready to Intervene in FX Market
Swiss National Bank policymaker Petra Tschudin stated the central bank is ready to intervene in the foreign exchange market if necessary, while noting that medium-term inflation pressures remain unchanged.
USDCHF
Swiss National Bank (SNB) policymaker Petra Tschudin, in comments released during Wednesday's European trading session, indicated that medium-term inflation pressures remain unchanged. She also reiterated the central bank's readiness to intervene in the foreign exchange market if necessary.
The remarks reinforce the SNB's longstanding stance on managing the Swiss franc's value through active FX intervention when needed. No specific trigger levels were mentioned.
Source: FXStreet Forex News