SNB's Jordan says CHF overvalued, may take actionStaff Writer | August 2, 2016
The Swiss National Bank has more room for intervening in the foreign exchange markets to weaken the Swiss franc, which remains overvalued against the euro, SNB Chairman Thomas Jordan said.
Monetry policy The Swiss currency attracted lot of investors
Following Brexit, the Swiss currency attracted lot of investor interest as it is considered a safe-haven amid turbulent markets.
The SNB intervened in the forex markets to weaken the Swiss franc that logged its biggest gain since January 2015, when the its 1.20 peg against the euro was scrapped. ■