Current level of EUR/CHF not justified – SNB’s Danthine

FXStreet (Mumbai) - Jean-Pierre Danthine, Vice Chairman of the Governing Board of the Swiss National Bank, said in an interview with Tribune de Genev said the current level of EUR/CHF is not justified, although declined to give any particular desired level.

Mr. Danthine further stated that the forex market has not yet stabilized. With respect to the economic impact of a strong Franc, he said that it is still “much too early” to make make new economic projections.

Mr. Danthine has also made similar comments in an interview with 24 Heures as well as Tages-Anzeiger, where he expressed readiness to intervene in the FX market.