SNB Vice Chair says they are ready to intervene in the FX market
Context
The SNB Vice Chair's statement about readiness to intervene in the FX market suggests they are concerned about excessive currency volatility, particularly with EUR/CHF. This hints at a hawkish stance aimed at stabilizing the Swiss franc, which could influence rate expectations and market sentiment towards risk assets in the region.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#SWITZERLAND#EUR#EUR/CHF#SNB#IMPORTANT#FOREX#FIXED INCOME#EU SESSION#CENTRAL BANK