Swiss franc hits all-time peak against the euro after Reuters report

Reuters was alone on June 16 in reporting the first comment by a Swiss National Bank policymaker stating outright that there was no need for the bank to intervene in the forex market. Previously, SNB policymakers had not spelled that out explicitly, and had only said deflationary risks — used to justify the SNB stepping in to markets — had abated. Reuters correspondents spoke to SNB Board Member Jean-Pierre Danthine. After the Reuters report, the Swiss franc hit a fresh all-time peak against the euro.