USDCHF rose to two-week high on 0.8% jump on Thursday morning, after the Swiss National Bank surprised by 50 basis points rate cut (0.50% from 1%) against widely expected 25 basis points cut. This was the fourth policy easing in 2024, following three 0.25% cuts in March, June and September, and the biggest rate reduction […]
The post USD/CHF Outlook: Swiss Franc Falls After SNB’s Surprise 0.50% Rate Cut appeared first on Action Forex.
US PPI for final demand rose 0.4% mom in November, above expectation of 0.3% mom. Nearly 60% of the broad-based rise in final demand prices can be attributed to a 0.7% mom increase in goods. Read more…
US initial jobless claims rose 17k to 242k in the week ending December 7, above expectation of 221k. Four-week moving average of initial claims rose 6k to 224k. Continuing claims rose 15k to 1886k in Read more…
ECB cut its deposit rate by 25bps to 3.00%, aligning with market expectations. The overall decisions and economic projections reflect confidence in the ongoing disinflation process. Yet, he Governing Council reiterated its “data-dependent and meeting-by-meeting Read more…