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Data suggests SNB keeps wekening CHF, USD reversal possible

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events Another evidence of SNB intervention (by Arnaud Masset) Last week sight deposits at the Swiss National Bank saw their highest rise since mid-February, suggesting that the central bank has in fact intervened in the FX market to weaken the Swiss franc. Total sight deposits surged CHF 2.67bn to CHF 486.4bn in the week ending April 8. Similarly, domestic banks sight deposits ticked up CHF 3.3bn to CHF 423.6bn. Taking into account the sharp increase in the foreign currency

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