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Feb 07 - 06:55 AM

EUR/USD - SNB FX Intervention Is Bad News For EUR/USD Traders

By Jeremy Boulton  —  Feb 07 - 04:50 AM
  • Swiss FX reserve rising by almost CHF 20 billion in two months nL1N3ES0QY

  • EUR/CHF rallying off a multi-year low in January

  • Francs sold during interventions are rebalanced within FX reserves

  • Thirty nine percent of reserves are dollars

  • EUR/USD has tumbled during intervention period

  • SNB ops suppress volatility - lack of action may hurt EUR nL1N3ES0P3

Source:
Refinitiv IFR Research/Market Commentary

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