Latest data released by the SNB - 18 May 2020
- Domestic sight deposits CHF 591.0 bn vs CHF 586.9 bn prior
Prior week's release can be found here. Another week, another modest rice in overall sight deposits and this just continues to reaffirm the suggestion that the SNB is intervening strongly to smooth out the appreciation in the franc since March.
For now, the 1.05 level in EUR/CHF clearly tells the story in that regard.
