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SNB Remains Dovish, EUR/CHF Soars -Turn in Trend?

posted by Avatar fx360 618 days ago in USD, EUR, CHF

As expected the Swiss National Bank left rates on hold at record low of 25bp but cut its inflation target suggesting that it will maintain its ultra accommodative monetary policy for the foreseeable future sending the franc tumbling against the dollar and the euro in early morning North American trade. The SNB downgraded its inflation forecast mark
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