SNB's Jordan says he will defend the cap with the utmost determination via ForexLive

Just in case EUR/CHF traders were even thinking about taking them on up pops the head of the SNB.

• Franc still highly valued
• Will but unlimited foreign currencies
• Will take further steps immediately if needed

EUR/CHF gets the hint with a 9 pip rise.

I might be making more of it than is necessary but that comment on unlimited foreign currencies seems out of whack to his usual gabber. We know they like buying up the euro but a load of foreign currencies seems like something new.

posted via ForexLive