The SNB Tschudin says:
- We are in a situation where we have appropriate monetary policy at present
- policy is expected at the moment.
- If inflation would 0% for a short time, that is okay.
- Management is the interest rate, will do interventions when necessary
The USDCHF is higher on the day but off session highs. Nevertheless, the corrective move came down into a swing area between 0.8013 and 0.80189 and found support buyers. That is keeping the buyers in firm control. A move below may solicit some additional selling on the failed break.
This article was written by Greg Michalowski at investinglive.com.