SNB says CHF remains highly valued; will remain active in FX market if necessary

SNB inflation forecasts:

2017 0.4% (Prev. 0.3%)

2018 0.4% (Prev. 0.3%)

2019 1.1% (Prev. 1.0%)

Reaction details (08:37)

- EUR/CHF was choppy on the release of the decision, initially moving lower after the decision and language tweak, although they still reaffirmed their commitment to intervene in FX necessary which saw EUR/CHF bounce slightly to pre-announced levels. EUR/CHF trades 1.1457 last. 

Analysis details (08:38)

- This represents a slight tweak in language, with the previous statement saying that the CHF is "significantly overvalued", compared to now saying "highly valued". 

14 Sep 2017 - 08:31- ForexImportant- Source: Newswires

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