EURCHF SNB Intervention?
It is noteworthy that Central banks are typically concerned when their respective currencies gain too quickly over too
short of a time. From the local peak until intervention began, EURCHF fell 2.1%, 2.5%, 1.25%, and 2.5% during the early 2020, late 2020, May 2021, and August 2021 intervention periods, respectively. This time, EURCHF fell 3.35% in just six weeks before intervention began.The level of EURCHF: EURCHF is now trading at levels below where intervention began in all four prior instances of intervention over the past two years.
short of a time. From the local peak until intervention began, EURCHF fell 2.1%, 2.5%, 1.25%, and 2.5% during the early 2020, late 2020, May 2021, and August 2021 intervention periods, respectively. This time, EURCHF fell 3.35% in just six weeks before intervention began.The level of EURCHF: EURCHF is now trading at levels below where intervention began in all four prior instances of intervention over the past two years.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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