SNB’s Jordan: CHF is still highly valued, still seen as safe haven

The Swiss National Bank (SNB) Chairman Thomas Jordan is on the wires now, via Reuters, speaking the press conference following the central bank’s interest rate decision.

CHF is still highly valued, still seen as safe haven.

Political uncertainty in Italy has led to CHF strengthening.

Expansionary policy remains appropriate.

Main risks are political developments, protectionism.

Substantial movements in FX market shows fragile situation.