Swiss gov comments (from extraordinary meeting)

*SWISS GOVERNMENT MEETS IN EXTRAORDINARY MEETING OVER FRANC
*SWISS GOVERNMENT SAYS FRANC MASSIVELY OVERVALUED
*SWISS GOVERNMENT SAYS MONETARY POLICY MEASURES ARE NECESSARY


*SWISS GOVERNMENT CONFIRMS CURRENT POLICY ON FRANC
*SWISS GOVERNMENT SAYS SWITZERLAND ECONOMY TO SLOW DOWN
*SWISS GOVERNMENT SAYS MONIOTRING SITUATION CONTINUOUSLY
*SWISS GOVERNMENT SAYS IS BETTER POSITION THAN MOST NEIGHBORS

EURCHF bounces off the lows  1.0620   >  1.0690

 

HSBC Global Research