Comments out on the wires with Schneider-Amman speaking to Bloomberg tv

  • strong franc is a challenge
  • hopes CHF will weaken to 1.1000 vs EUR in next days/weeks
  • says EURCHF should move toward 1.2200 PPP

No reaction so far. First time specifics have been mentioned for a while, albeit wish-list

In the end though it's the SNB not the govt who set policy

  • govt maintains GDP forecasts
  • not concerned about China

USDCHF on session lows at 0.9617

EURCHF 1.0724 still with support into 1.0700

GBPCHF a notable mover this session down to 1.5023 from 1.5160. Support/bids around 1.5000

Full interview here

Schneider-Amman: wish-listing in cloud cuckoo clock land