SNB total sight deposits w.e. 23 May CHF 443.4 bn vs CHF 443.2 bn prior

• Domestic sight deposits CHF 435.7 bn vs CHF 434.8 bn prior

There’s little change in the overall sight deposits in the past week. However, this will be an interesting spot to watch in the weeks/months ahead as the franc continues to keep stronger. And that’s a conundrum for the SNB as they face a battle against deflation now.

This article was written by Justin Low at www.forexlive.com.