Latest SNB sight deposits data 27 Feb
- domestic deposits CHF 470.16bln vs 468bln prev
Increase in depos pointing the finger at the SNB smoothing process again. Sight depos are the accounts of commercial banks with the SNB and make up a large part of the banking system's liquidity. The SNB increase sight deposits by FX swaps and repos of its own debt.
Probably around again with USDCHF holding 1.0050 and EURCHF finding support around 1.0630.
