SNB boss Jordan now on Q&A duty 20 June
Really ?
- we know that exit from loose policy will be difficult
- makes no sense to let CHF-EUR rate differential narrow
- could raise rates without shrinking balance sheet
- change of SNB policy is far in the future
USDCHF and EURCHF both slipping toward session lows.
General USD supply that sees GBPUSD back up to look at 1.2700 and USDJPY down to 111.53
SNB's 3 amigos not for turning anytime soon