- Domestic sight deposits CHF 445.3 bn vs CHF 450.1 bn prior
The past week sees a notable drop in Swiss sight deposits, with the trend now stretching all the way to April. If anything, it suggests the SNB possibly intervening in the FX market – that is to sell foreign currencies in exchange for the Swiss franc. The idea there is to prop up the currency value in order to combat imported inflation.
This article was written by Justin Low at www.forexlive.com.
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