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SNB Jordan: Inflation is above price stability range

SNB Jordan: Inflation is above price stability range
SNB chairman Jordan is speaking, and says:Inflation is above average for price stability rangeInflation is higher than we wantCurrent monetary policy is still not restrictive enoughThe USDCHF is trading at 0.89046. Looking at the hourly chart, the price action has been trading above and below the 100 and 200 hour moving averages and 0.8894 and 0.89056 respectively. The low price off of the CPI data did find support buyers ahead of the swing area between 0.8859 and 0.88662. The low price stall ju... Read More
Posted: May 10 2023, 16:33
Author Name: forexlive
Views: 102178

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