SNB statement out with the rate decision 15 June

  • while taking the overall currency situation into consideration.
  • Swiss franc is still significantly overvalued
  • neg rates and SNB intervention are designed to make CHF investments less attractive
    • thereby weaking franc
  • will continue to monitor markets closely
  • mon pol in Japan and EZ likely to remain very expansionary
  • US mon pol expected to normalise gradually
  • new baseline scenario for global economy remains favourable

Full report here

Nothing of real note, as expected.

USDCHF 0.9722 EURCHF 1.0877

Jordan & Co leaving all as is