SNB’s Tschudin: Ready to intervene in FX market if necessary
The comments from Swiss National Bank (SNB) policymaker Petra Tschudin released during the European trading session on Wednesday indicate that medium-term inflation pressures remain unchanged and the central bank is ready to intervene in the FX market if necessary.
Market reaction
No immediate action was seen in the Swiss Franc (CHF) following comments from SNB's Tschudin. At press time, USD/CHF trades 0.35% higher to near 0.8125 due to the US Dollar's strength.
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