The Swiss National Bank (SNBN) is still willing to intervene in currency markets even after giving up its cap on the franc, Vice President Jean-Pierre Danthine said. “We’re fundamentally prepared,” Danthine told the Tages-Anzeiger newspaper on Tuesday. “The minimum exchange rate couldn’t have been maintained anymore” with European Central Bank bond-buying, he said. The franc has traded near parity against the euro since the SNB sent shock waves through markets on Jan. 15 by abandoning its franc cap of 1.20 per euro and increasing a charge on deposits. Fund flows had put upward pressure on the franc as the euro ... (full story)