SNB Vice Chairman says SNB has a greater willingness to intervene in the FX market, via RTS
The SNB Vice Chairman's comments suggest a more proactive stance on currency intervention, likely in response to the recent depreciation of the CHF since the onset of the war.
Iranian Foreign Ministry says America cannot demand that we fulfill all our ceasefire obligations while it is not fulfilling its own, via Al Jazeera
US President Trump pushes back on claims he is anxious to end the war; says he has all the time in the world, Iran does not.
SNB Vice Chairman says SNB has a greater willingness to intervene in the FX market, via RTS
Iranian Media Journalist Khalili says resignation of Ghalibaf from the chairmanship of the negotiating delegation is not true
[MARKET UPDATE] Markets pare some of the earlier escalatory moves as Israel denies attacks in Iran, while a journalist implies Ghalibaf news is false and as Iran air defense activation was reportedly a test
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- Have observed since start of the war that the CHF has lost value.
This increased willingness to intervene may impact expectations around monetary policy and the valuation of the franc, particularly against major currencies amidst heightened geopolitical tensions.
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