News Headline Summary
SNB's Jordan says will keep enforcing CHF cap with most utmost determination
- Ready to take other measures if necessary.
- Minimum exchange rate is appropriate monetary policy instrument for foreseeable future.
- SNB didn't create competitive advantage with cap.
Reaction details (18:17)
- EUR/CHF moved 8 pips higher in the immediate reaction to the comments before quickly paring; trades 1.2342 (+12 pips) last.
19 Feb 2013 - 18:15
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