SNB's Maechler says CHF still highly valued and even somewhat stronger in recent months - ConsultFX

SNB's Maechler says CHF still highly valued and even somewhat stronger in recent months

Swiss National Bank governing board member in interview with Handelszeitung So that will be the concern over USDCHF falls that I've been banging on about in recent months. The SNB have 35% of reserves in USD and long at unpleasant levels hence the ongoing need to support down here.