2024-09-27 00:32

业内SNB chairman Jordan: Swiss franc rise a major fact
The language is not much changed to that in June really. Back then, they noted about how "further policy adjustments" might be necessary. Now, they're being more explicit in saying that "further rate cuts" might be necessary. But it's all semantics, there was never any doubt that they were referring to rate cuts already in June. The communique from Jordan is just letting markets know that they will be there if they do feel the franc is overstepping. But by falling short of labelling the franc as being "overvalued", it could lead to traders thinking that they aren't going to be too forceful on the issue yet.
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.

FZX
交易者
Hot content

业内

Event-A comment a day,Keep rewards worthy up to$27

业内

Nigeria Event Giveaway-Win₦5000 Mobilephone Credit

业内

Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit

业内

South Africa Event-Come&Win 240ZAR Phone Credit

业内

Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit

业内

[Nigeria Event]Discuss&win 2500 Naira Phone Credit

Forum category

平台

展会

IB

招聘

EA

业内

行情

指标

SNB chairman Jordan: Swiss franc rise a major fact
| 2024-09-27 00:32
The language is not much changed to that in June really. Back then, they noted about how "further policy adjustments" might be necessary. Now, they're being more explicit in saying that "further rate cuts" might be necessary. But it's all semantics, there was never any doubt that they were referring to rate cuts already in June. The communique from Jordan is just letting markets know that they will be there if they do feel the franc is overstepping. But by falling short of labelling the franc as being "overvalued", it could lead to traders thinking that they aren't going to be too forceful on the issue yet.
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.