🏦🇨🇭SNB Quarterly Bulletin:
- Rosbel Durán
- Mar 31, 2021
- 1 min read
<SNB FX intervention>
*Since the monetary policy assessment of December 2020, total sight deposits held at the SNB have decreased somewhat. In the week ending 19 March 2021, they amounted to CHF 702.9 billion
*This was slightly lower than in the last calendar week preceding the December 2020 assessment, CHF 704.9 billion.
EUR/CHF has been holding steady above 1.10 since early March. USD/CHF trades at 0.94s. No need for SNB here.
Also, the U.S. FX Treasury Report is due next month.
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