SNB intervention: When will it come?

From blog.hycmlab.com

Leaning on a spear can be a similar analogy to relying on the SNB to intervene in the EURCHF exchange rate. In January 2015, the SNB famously stepped back from defending the 1.2000 peg and the pair fell dramatically. However, despite this unreliable past the SNB still regularly intervenes in the EURCHF pair by buying euros and dollars to try and weaken the CHF. SNB’s Maechler Last week SNB’s Maechler repeated that the SNB can always intervene in the currency market, but is not focusing on a particular level of the franc. Maechler said. ’We are always prepared to intervene in foreign exchange markets if ... (full story)