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USD/CHF drops to 0.8670 on dovish Fed decision, awaits SNB rate decision
USD/CHF continues the losing streak for the fourth successive day ahead of the Swiss National Bank’s (SNB) Interest Rate Decision, trading around 0.8670 during the Asian session on Thursday. SNB is anticipated to maintain its key interest rate until at least the third quarter of the following year, according to a majority of economists surveyed by Reuters. Despite a slight easing in price pressures, Swiss inflation is expected to average 1.5% and 1.3% in 2024 and 2025, respectively—down from the 2.2% recorded this year. If these survey projections materialize, the SNB would consider rate cuts after the US Federal ... (full story)