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Swiss National Bank says ready to intervene to stem franc's rise
Abstract：The Swiss franc is currently sought after as a refuge currency, along with the US dollar and the yen.
The Swiss National Bank repeated on Monday its pledge to intervene on the currency markets after safe-haven inflows pushed the Swiss franc above parity in its valuation versus the euro.
“The Swiss franc is currently sought after as a refuge currency, along with the US dollar and the yen,” the central bank said in a statement.
“The Swiss franc continues to be highly valued,” it added. “The SNB remains prepared to intervene in the foreign exchange market if necessary.”
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