Swiss National Bank governor Thomas Jordan in Swiss newspaper Tages-Anzeiger
- Says SNB is ready to intervene in currency market if necessary
- From a Swiss perspective we have an interest in a normalization of global monetary policy
- Says negative interest rates remain a central element in SNB's monetary policy
- Our expansionary monetary policy is appropriate in the current environment
- Declines to comment on market operations, when asked if SNB was active in FX market after US election
- Sees broad support in Switzerland for SNB's monetary policy and its independence
- Says Swiss banking system is solid
Headlines via Reuters
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Apologies ladies and gentlemen - Mike seems to be MIA. Maybe he had a big night.
These comments coming out around 0550GMT and I just popped my head back in (I've been out rounding up the kangaroos for milking) and noticed the CHF .... and saw these comments.
USD/CHF back up the Asian session high:
