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SNB's ultra-loose policy suited for fragile FX market - Jordan
Swiss National Bank Chairman Thomas Jordan said in a newspaper interview published on Tuesday that currency markets remain fragile and stuck to the central bank’s current course after political turbulence in Italy sent the Swiss franc soaring. Jordan made the comments to the Tages-Anzeiger newspaper as the euro fell on Tuesday to a 10-month low, weakening against currencies including the Swiss franc, dollar and yen. A deepening political crisis in Italy, the euro zone’s third-biggest economy, provoked selling of Italian assets and the euro in developments reminiscent of the euro zone debt crisis of 2010-2012. ... (full story)