Data Suggests SNB Keeps Wekening CHF, USD Reversal Possible

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Apr 11, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    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[​IMG]

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