It has been a tale of two-week for the Swiss franc. USD/CHF fell about 200-pip since July 14 and looks further weakness. The currency appreciated to nearly 0.9600 against the US dollar. Global recessionary fears and a less hawkish Fed attributed to the strength of the Swiss Franc. Further, the Swiss National Bank (SNB) is expected to raise interest rates by 50 or 75 basis points in its next monetary policy due in September. Earlier, the SNB surprised the market by unexpectedly its key policy rate by 50bps in June, its first rate hike since 2007. The central bank kept the interest rate at a record low of -0.75% since ... (full story)