Total sight assets of the SNB as of 6 May CHF 750.9 billion compared to CHF 744.4 billion previously

  • National sight deposits CHF 665.3 billion compared to CHF 667.1 billion previously

The previous week’s version can be found here. This is a significant increase in overall demand deposits and suggests that the SNB could be doing some work to push EUR/CHF from 1.02 to 1.04 right now. Their work may also be helped by more hawkish remarks from the ECB last week, so no complaints from Jordan & co. I would say.


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