DislikedI see that the SNB say always the CHF is overvalue and the credibility of SNB.
Jordan is a very super liar and SNB too. They give the false direction: they always say the CHF is overvalue but in reality they sell euro (17 billions in 1st Q) while many traders must do the opposite.
In USA, the SEC and Ministry of justice have prosecuted some Managers of big companies like Goldman Sach, Enron, Worldcom….. who give the false direction in order to get profit. Finally, either some Manager must be sentenced or pay some money.
Why now nobody prosecute...Ignored
Yes, please, another election for Jordans seat. Jordan was known before he was elected, that he has a different way of thinking about monetary issues than hildi, and everyone who was long that pair knew, that when Hildi was gone, the more "defensive" Jordan might be elected.
And everybody invested in EURCHF knew, that the SNB will hold the 1.20, and they did so far, they are now even more aware after the easter-incident, of what it needs not to let it break. By the way... I had a long-stop-order on 1.1999, and got not filled.
And what they did so far was not the worst strategy. I think the credibility of SNB is still intact. Even more than before. Looking forward to the next CPI figures. Think the ongoing deflation is forcing them to act somewhen. Til then, i think the peg will hold. CHF is still overvalued.