Swiss National Bank weekly sight deposit report 27 March

  • domestic sight depos CHF 476.30bln vs 470.89 bln prev

Further evidence of the SNB standing ever-poised.

USDCHF 0.9848 EURCHF 1.0707 both off session lows as per my earlier post.

Total sight depos inc other depos on sight in CHF. Sight depos are the accounts of commercial banks with the SNB and make up a large part of the banking system's liquidity. The SNB increase sight deposits by FX swaps and repos of its own debt.