Corripe Cervisiam!
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SNB's Jordan says current policy approach is the right one
Swiss National Bank chairman Thomas Jordan out on the wires 1 Aug 2016 •SNB will always weigh costs/benefits of intervention •balance sheet is big but there's still room for intervention •Swiss franc still overvalued •Jordan repeating previous comments/stance while speaking on a panel in Bali. USDCHF just nudging up to 0.9702 highs. Support noted at 0.9680. Immediate res/offers at 0.9720 EURCHF 1.0830 with support nearby at 1.0820 and more into 1.0800. Immediate offers/res at 1.0850