Defense of the minimum rate (for euro/Swiss franc) is an absolute priority, says the SNB's...

|By:, SA News Editor

Defense of the minimum rate (for euro/Swiss franc) is an absolute priority, says the SNB's Thomas Jordan, after his move from interim Chairman to Chairman. He says the franc remains overvalued, but refuses comment on a further lifting of the CHF 1.20 floor. EURCHF promptly sheds a few pips back to 1.2026.