Swiss Franc Eases After SNB Chairman Jordan Comments
February 11 2016 - 2:04AM
RTTF2
The Swiss franc retreated from its early highs against most
major rivals in European deals on Thursday, after the Swiss
National Bank President Thomas Jordan said that he cannot exclude
the possibility of cutting rates into further negative
territory.
Speaking to Swiss magazine Bilanz, Jordan asserted that the bank
went relatively far with negative interest rates and is ready to
intervene in the currency market.
"We went quite far to the negative interest. Now we monitor the
situation closely. We exclude nothing," he told.
The franc slipped to a 2-day low of 1.1000 against the euro, off
its early near 3-week high of 1.0950.
The franc eased to 1.4045 against the pound and 0.9710 against
the greenback, coming off from its more than 9-month high of 1.3925
and near a 4-month high of 0.9661, respectively.
The franc may find support around 1.12 against the euro, 0.98
against the greenback and 1.42 against the pound.
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