EUR/CHF turns negative and retreats from tops near 1.0000 post-SNB – by pabspiovano EURCHF Currencies Crosses SNB Switzerland
EUR/CHF comes under pressure and retreats from earlier 3-week highs in levels just shy of the parity following the 50 bps rate hike by the SNB at its meeting on Thursday.
Regarding the GDP, the SNB suggests the economic growth is likely to remain modest for the remainder of the year and the economy is seen expanding 1.0% in 2023 . If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/CHF: Failure to cross 1.0010/1.0040 resistance zone would mean persistence in consolidation – SocGenEUR/CHF has rebounded after retesting last November's low of 0.9710/0.9670. The pair must surpass the 1.0010/40 resistance zone to enjoy further gains
Read more »
EUR/CHF Price Analysis: Drops back below 200-EMA with eyes on 0.9900EUR/CHF holds lower ground near 0.9930 during sluggish Asian session on early Wednesday, following a pullback from the two-week high the previous day.
Read more »
SNB to follow ECB and hike policy rate by 50 bps on March 23: Reuters pollThe Swiss National Bank will hike its key policy rate by 50 basis points on Thursday, matching the European Central Bank's move last week, as tackling inflation trumps concerns over financial market turmoil, a Reuters poll of economists showed.
Read more »
SNB Preview: Forecasts from six major banks, acting with cautionThe Swiss National Bank (SNB) is set to announce its Monetary Policy Decision on Thursday, March 23 at 08:30 GMT and as we get closer to the release t
Read more »
USD/CHF keeps Fed inflicted losses below 0.9200 ahead of SNB Interest Rate DecisionUSD/CHF retreats to 0.9173, following the Federal Reserve (Fed) induced slump to one-week low, as traders prepare for the Swiss National Bank (SNB) an
Read more »
USD/CHF surrenders 0.9160 as Fed policy misses hawkish guidance, SNB policy eyedThe USD/CHF pair has slipped below the immediate support of 0.9160 in the Asian session. The Swiss franc asset has retreated after a recovery attempt
Read more »