Switzerland May foreign currency reserves CHF 816.3 billion vs CHF 799.9 billion prior

Latest data released by the SNB – 5 June 2020

  • Prior CHF 799.9 billion
Slight delay in the release by the source. Another jump in Swiss foreign reserves and alongside sight deposits data, it reaffirms that the SNB is continuing to intervene to limit the appreciation in the franc and they will be happy with the EUR/CHF trajectory over the past week or so – currently seen trading at 1.0858.