Swiss National Bank head Jordan quoted by Blick 30 March

Speaking at an event in Zurich Jordan said:

"We're still quite far away from a policy normalization"

  • doesn't think it's likely that banks will impose neg rates on retail savers

No further detail but the comment is as recent mantra from the SNB.

USDCHF 0.9971 near session highs and underpinned still as is EURCHF at 1.0723 . Yesterday's euro wobble generally on the dovish ECB report likely to have had the SNB interested.

Seemingly a line in the sand now at 0.9950 with more support at 0.9900-20 notable recently.