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USDCHF bounces higher today. Back above 100 hour MA with 200 hour MA looming on topside
The Swiss National Bank (SNB) was in play today as they raised interest rates to 1.75% from 1.5% in response to medium-term inflation increases. The bank stated that further rate hikes might be necessary to maintain price stability, focusing on selling foreign currency in the present environment. Adjusted inflation forecasts are now at 2.2% for 2023 and 2024.SNB Chairman Thomas Jordan disputed the idea that the current policy tightening was a mistake, suggesting that further tightening may occur...
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Posted: Jun 22 2023, 15:21
Author Name: forexlive
Views: 081186