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Ali Farhad

CHF

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Hi Ali. It certainly looks that way. 

I would suggest keeping track of the SNB sight deposits each week. It normally suggests that the SNB may be intervening to lower the value of the swiss franc.

In the last couple of weeks we have seen the sight deposits increase, which suggests that they are again looking to weaken the swiss franc against other currencies. The sight deposits dropped slightly after the US labelled them as currency manipulators. However, since then we have seen the currency strengthen further and it seems they SNB want to intervene again. So yes, it seems like they already are. 

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