EUR/CHF – SNB might cut rates further by Milan Cutkovic

  • A Swiss newspaper reported yesterday that SNB sources said the board want the EUR/CHF at least at 1.10
  • He further said that the SNB might cut deposit rates to -1.5 % (currently at -0.75 %) if the CHF would strengthen further
  • EUR/CHF is trading near 1.07 currently; while the rapid rally in USD/CHF has helped to dampen the CHF strength somewhat, the EUR weakness remains a big problem for the SNB

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