Swiss Government: Swiss Franc is still highly valued

Swiss Government came out with the following comments after the meeting with the Swiss National Bank (SNB) head Jordan.

Swiss Franc is still highly valued.

SNB chair Jordan said negative rates and fx interventions still appropriate.

Imbalances in real estate and mortgage market remain.

USD/CHF remains unfazed on the above headlines, meandering near 3-week lows of 0.9855, down -0.36% on the day.