CHF still considerably overvalued – SNB’s Jordan

FXStreet (Mumbai) - Swiss National Bank chief Jordan on Thursday said the Swiss Franc is still considerably overvalued and that the bank is ready to intervene in the FX markets if required.

Jordan added that he does not expect a deflationary spiral in the Swiss economy. However, he stressed the fact that the outlook for the global economy is still beset with risk.

Comments from SNB policymakers over CHF’s strength are expected to continue since the CHF’s safe haven appeal amid Greek impasse could lead to further appreciation in the CHF.