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ANZ: Recommends selling EUR/CHF on a spike towards 0.99

ANZ is suggesting a trading strategy on the EUR/CHF currency pair based on the latest policy stance of the Swiss National Bank (SNB).Key Points:SNB’s New Approach: ANZ highlights that the Swiss National Bank (SNB) revealed in its June meeting that it is adopting a “sell foreign currency” approach as part of its foreign exchange intervention toolkit. This is aimed at keeping inflation low in Switzerland.Implications for EUR/CHF: The bank implies that SNB will be closely monitoring the EUR/CHF pai... Read More

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Anz

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Selling

Eur

Chf

Spike

Towards

99 Eur chf

Forex

Posted: Jul 5 2023, 19:20

Author Name: forexlive

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