Daily Pivots: (S1) 1.3641; (P) 1.3672; (R1) 1.3702; More… USD/CAD’s recovery suggests that a temporary low was formed at 1.3641 and intraday bias is turned neutral. Some consolidations could be seen but further decline is expected as long as 1.3804 resistance holds. Below 1.3641 will resume the fall from 1.4139 to retest 1.3538 low. Firm […]
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SNB holds rates but strengthens intervention stance, aiming to cap CHF gains as energy-driven inflation rises only temporarily. The central bank kept its policy rate unchanged at 0.00%, as widely expected, but sharpened its language Read more…
The Swiss National Bank is leaving the SNB policy rate unchanged at 0%. Banks’ sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount Read more…