SNB chairman Jordan is now speaking:
- The risk of a correction in the housing market exists
- House prices in Switzerland have risen faster than fundamental factors like incomes
- although we expect inflation to decline this year, it is too soon to sound the all clear
The USDCHF has dipped a bit and currently trades at 0.8975 after testing it's a 200 hour moving average of 0.8987 about 35 minutes ago.
