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EUR/CHF Dip Lower Amid Surge In FX Reserves

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 7, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Foreign currency reserves held at the Swiss National Bank (SNB) rose substantially in May, suggesting that Thomas Jordan and his team may have continued to defend the Swiss economy against further CHF strength. FX reserves rose CHF14.2bn or 2.40% to an all-time high of CHF602.1bn. This is the[​IMG]

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