SNB total sight deposits w.e. 17 March CHF 515.1 bn vs CHF 510.8 bn prior | Forexlive

• Domestic sight deposits CHF 499.9 bn vs CHF 496.5 bn prior

The franc softened last week and with Swiss sight deposits arresting the downtrend, that might be indicative of the SNB stepping in. That said, at this point with inflation getting out of hand in most parts of the world, they probably wouldn’t mind a stronger swissie but there is a balance. Looking at it in a different way though, perhaps it was Credit Suisse who came in to take up the central bank liquidity.