SNB’s Jordan: SNB will monitor inflation closely and adjust policy again when necessary
Source Fxstreet
Swiss National Bank (SNB) Chairman Thomas J. Jordan speaks at the SNB’s General Meeting of Shareholders.
Key Quotes
SNB has been successful in fight against inflation.
Uncertainty remains elevated, shocks can occur at any time.
We should not be sidetracked from focus on price stability.
Demands of critics for SNB to broaden mandate are dangerous.
Market Reaction
USD/CHF falls to 0.9100, weighed down by subdued US Dollar. The US Dollar remains under pressure as weaker US Q1 Gross Domestic Product (GDP) growth has raised doubts for the economic outlook. The pair is expected to face sheer volatility after the release of the US core Personal Consumption Expenditure Price Index (PCE) data for March, which will be published at 12:30 GMT.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The USD/CHF pair trades firmly near Tuesday’s high around 0.7970 during the Asian trading session on Wednesday.
Top 3 Price Prediction: BTC struggles below key resistance, ETH and XRP eye further weaknessBitcoin (BTC) price steadies around $108,500 at the time of writing on Wednesday, after facing rejection from the key resistance level the previous day. Ethereum (ETH) and Ripple (XRP), following BTC’s footsteps, are signaling weakness and hinting at a correction ahead.
Bitcoin (BTC) price steadies around $108,500 at the time of writing on Wednesday, after facing rejection from the key resistance level the previous day. Ethereum (ETH) and Ripple (XRP), following BTC’s footsteps, are signaling weakness and hinting at a correction ahead.
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