Following the Swiss Nation Bank (SNB) monetary policy announcement, Chairman Jordan said that there is strong appreciation pressure on the franc during times of uncertainty while speaking at the post-policy press conference. The SNB board member Andrea Maechler also commented on the exchange rate value, citing that it remains highly valued. Further comments “Had we not intervened; the franc would have appreciated significantly more.” “A stronger appreciation would have placed an additional burden on the economy.” “Trade-weighted franc is 1.5% stronger than in June.” Related reads SNB leaves key rate unchanged at -0.75% USD/CHF hangs near multi-year lows, moves little post-SNB FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bank of England Preview: Forecast from six major banks FX Street 2 years Following the Swiss Nation Bank (SNB) monetary policy announcement, Chairman Jordan said that there is strong appreciation pressure on the franc during times of uncertainty while speaking at the post-policy press conference. The SNB board member Andrea Maechler also commented on the exchange rate value, citing that it remains highly valued. Further comments “Had we not intervened; the franc would have appreciated significantly more.” “A stronger appreciation would have placed an additional burden on the economy.” “Trade-weighted franc is 1.5% stronger than in June.” Related reads SNB leaves key rate unchanged at -0.75% USD/CHF hangs near multi-year lows, moves little post-SNB Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.