The Swiss franc weakened against other major currencies in the Asian session on Wednesday, after Swiss National Bank (SNB) President Schlegel reiterated bank's readiness to intervene while preserving price stability.
SNB President Schlegel's most recent remarks just restate the well-known message that the SNB is getting more prepared to intervene in the foreign exchange market.
"We therefore continue to expect the SNB to leave its key interest rate unchanged in the coming months, meaning no significant franc movement is likely to result from this policy," Schlegel said.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.