Latest data released by the SNB - 12 August 2019
- Domestic sight deposits CHF 469.0 bn vs CHF 473.9 bn prior
Prior week's release can be found here. Total sight deposits continue to show a decent increase over the past few weeks and that's suggestive that the SNB is back in the market.
That said, by not drawing too hard a line with EUR/CHF at 1.10, it appears that they are cautiously picking their battles rather than going all out to fight back against the franc's recent appreciation - which is expected to carry on.
