SNB’s Zurbruegg: Recent CHF strengthening shows FX market still fragile

The Swiss National Bank (SNB) Vice President Fritz Zurbruegg is on the wires now, via Reuters, commenting on the exchange rate level.

Key Headlines:

Recent CHF strengthening shows FX market still fragile.

The unstable situation can lead to safe-haven flows into the CHF.

Recent developments show negative interest rates and interventions still needed.